New venture capital allocates up to $10 million for startups in Indonesia
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, according to a report in e27. >>More here
SOURCE: e27.sg
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