Japanese investment firm CyberAgent Ventures has invested an undisclosed amount in FashionGuide, a fashion social network from Taiwan, reported TheNextWeb this week.
Launched in 1997, FashionGuide enables users to post their own reviews of cosmetics products, which turns the website into a top destination in the country for crowdsourced reviews in its category.
Catherine Chang, investment manager at CyberAgent Ventures Taiwan, said that the site sees “millions” of unique visits each month. Alexa’s web ranking puts it as the country’s 125th most popular site. Read more
CyberAgent Ventures, the VC subsidiary of Japanese Internet company CyberAgent, has announced this week an investment in Bilna, an ecommerce platform for baby products in Indonesia. Terms of the deal were not revealed.
The founding team behind Bilna, Ferry Tenka, Jason Lamuda and Eka Himawan, are also the founders of group buying site Disdus, which were bought out by Groupon in April 2011. Bilna, which launched in July, sells formula and food, furniture, toys, clothes, as well as bath and skincare products for babies and toddlers.
CyberAgent Ventures is optimistic about the growth potential of Indonesia’s ecommerce market.
“Judging from its recent market trend and performance of our existing portfolio company, there are clear signs indicating the rapid growth of the E-commerce market in Indonesia,” it said in a press statement.
“Furthermore, due to economic growth, increase of personal income earnings and the growing population of Indonesia, we believe there is high demand of online shopping for babies and children related goods.”
This is the VC firm’s second investment in Indonesia. In April 2011, they funded a Series B round in Tokopedia, a platform for individuals and SMEs to create online storefronts.
CyberAgent Ventures has been very active in funding startups outside Japan recently. Find out what else have they been up to by following SGE’s coverage.
CyberAgent Ventures, the VC arm of Japanese Internet company CyberAgent, has announced an investment in Foody, a food search and review web and mobile platform in Vietnam. Terms of the deal were undisclosed.
The site was launched in August 2012, and attained 10,000 restaurants and 5,000 reviews in three months. The investment will be used to facilitate further user and content growth. Read more
NhacCuaTui.com, described as the largest music site in Vietnam, has received an investment with undisclosed terms from CyberAgent Ventures on 3rd February, the VC firm announced.
NCT is a very popular music streaming website in the country, with around 10 million monthly users. The company name, translated as “my music” in English, is headquartered in Ho Chi Minh City and is headed by Nhan The Luan as president and CEO. Read more
CyberAgent Ventures plans to invest up to US$8M in six to eight Indonesia-based companies in 2012, reported e27.
Following the launch of their office in Indonesia last year, they kickstarted their new fund, CyberAgent Asia Internet Fund I. The fund capital will be increased, possibly up to US$15M, which will be proportionately split between Indonesia and Vietnam.
Should CyberAgent Ventures fail to find adequate startups to invest in, they will instead set up an incubation office. Read more