21 Nov '12, 5am

CyberAgent Ventures invests in #Vietnam food review site #Foody.vn

CyberAgent Ventures invests in #Vietnam food review site #Foody.vn

CyberAgent Ventures has just announced their investment in Vietnam-based Food Corporation, an online gourmet search and review site. CyberAgent Ventures is the venture capital arm of Tokyo-based CyberAgent, Inc., and is expanding its business in the South East Asian market. The investment is made through CA Asia Internet Fund I, L.P., a venture capital fund specialized in the South East Asian market. According to the official announcement , Foody.vn was launched in August this year, and is currently the fastest-growing food review site in Vietnam. In a short period of three months after launching, Foody.vn has reached over 10,000 restaurant listings with over 5,000 reviews. The fund will be used primarily to facilitate further growth of its users and content. The official announcement also highlights the potential of food-based applications in the country. “As there is a v...

Full article: http://e27.sg/2012/11/21/cyberagent-ventures-invests-in-v...

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