[Sd] Japanese recipe sharing site Cookpad acquires private lesson marketplace Cyta.jp for $10 million

Tokyo-based Coach United, the startup behind private lesson marketplace Cyta.jp, announced today that it has been acquired by Japanese recipe sharing site Cookpad. 

Update: Several news sources say the acquisition price is 1 billion yen ($10 million). 

Since its launch back in June of 2011, it has grown to provide users with about 140 different private lessons (in fields such as language learning, music study, or qualification acquisition), available at 3,000 locations around the country. Unlike other marketplace services which typically connect potential students to teachers, the startup assures the quality of the lessons they introduce on the website by checking into will teach them or where it will take place.

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Sd 9/3/2013 [en]

memo

• It has been said that there are not many exits by acquisition in Japan, but it seems increasing recently. It may be the first acquisition with the scale for Cookpad. Cyta.jp can expect to accelerate customer acquisition speed by linking with CookPad.
• http://cyta.jp/