CyberAgent Ventures invests in PT. VIP Plaza - Brand Fashion Flash Sale E-commerce
CyberAgent Ventures, Inc. (HQ: Minato-ku, Tokyo, President: Souichi Tajima), a venture capital arm of CyberAgent, Inc. (HQ: Shibuya-ku, Tokyo, President: Susumu Fujita, TSE Mothers: 4751) announces to invest in PT. VIP Plaza (HQ: Indoensia, Founders: Tesong Kim / Yoga Sades), which offers high-quality branded fashion products at significant discounts to consumers through daily flash sales.
Currently, the Indonesian apparel market and the Internet market are rapidly growing. 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. Furthermore, due to its steady economic growth, increase of its personal income as well as its growing population, we believe there is high demand of online shopping for high-quality branded fashion products.
CyberAgent Ventures primarily focuses on investment in early stage start-ups. The investment noted above has been done from CA Asia Internet Fund I, L.P. – a fund specializing Southeast Asia..
■About PT. VIP Plaza
Company Name : PT. VIP Plaza
URL : http://vipplaza.com/
Address : Indosurya Plaza/Thamrin nine(d/h EXIM MELATI)3A floor. Jl.M.H.Thamrin no.8-9 Jakarta Pusat 10230
Established : 3 September 2013
Founders : CEO/Co-Founder Tesong Kim / COO/Co-Founder Yoga Sades
Business description: Brand Fashion Flash Sale E-commerce
■About CyberAgent Ventures, Inc.
Address : 6-1 Nishi-shinjuku 2-chome,Shinjuku-ku, Tokyo, Japan
Established : April 3, 2006
Capital : JPY 360 Million
President : Soichi Tajima
■If any inquiry please contact:
CyberAgent Ventures, Inc., Jakarta Office