29 Nov '12, 9am

CyberAgent Ventures invests in Indonesian online baby product seller Bilna @CAV_Indonesia

CyberAgent Ventures invests in Indonesian online baby product seller Bilna @CAV_Indonesia

CyberAgent Ventures invests in Indonesian online baby product seller Bilna November 29, 2012 by Terence LEE 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 t...

Full article: http://sgentrepreneurs.com/2012/11/29/cyberagent-ventures...

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