After making their presence in Vietnam, in 2009, CyberAgent Ventures continued their expansion by setting up their office in Indonesia in October last year. The Jakarta office is the eight office after Tokyo, Beijing, Shanghai, Shenzhen, Taipei, Ho Chi Minh and Hanoi. The Indonesian office is intended to enhance their investment and incubation activities in order to catch up with the vast growth of Indonesia’s internet market, following their initial investment in an e-commerce mall with more than 7,000 shops and 150,000 listed products, Tokopedia, on April 2011.
Having observed the market for quite long period of time, they have seen high potentials in the mobile internet industry especially in gaming, e-commerce and mobile applications. The opportunities are driven by the rapid growth of internet users and large social media users in Indonesia. CyberAgent’s targeted companies are those who are developing online games, social networking sites, mobile applications and providing e-commerce services and are in the early Series A or slightly later Series B funding stages.
To read the full, original article click on this link: New venture capital allocates up to $10 million for startups in Indonesia | e27
