27 Nov '12, 7am

Baby products e-retailer Bilna receives #funding from #CyberAgent Ventures

Baby products e-retailer Bilna receives #funding from #CyberAgent Ventures

In consideration of the venture, Ferry Tenka, Co-Founder of Bilna.com noted that the Indonesian eCommerce market is growing very rapidly, with total market expected to quintuple in the next 3-4 years. “I am sure there is significant demand of baby products online, and we are confident that we will be able to dominate the baby e-Commerce market of Indonesia”. Eka Himawan, Co-Founder of Bilna.com, also noted that “Indonesia’s Baby market is as big as, if not bigger than India, yet there is no established online player that is purely focusing on this space. We think that there is a massive whitespace here”. Eka also mentioned that based on the market research, Indonesia’s diaper market is already larger than India’s. With the support from CAV and EV, Bilna sets a target of becoming the no.1 baby e-Commerce website in Indonesia with widest product selections, competitive prici...

Full article: http://e27.sg/2012/11/27/cyberagent-ventures-funds-indone...

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