May 28, 2014

[The Bridge] Japan’s flea market app 10sec raises $1.6 million from CyberAgent

Japanese startup 10sec operates a mobile flea market for the US market. Today the company announced that it has raised 160 million yen (about $1.6 million) from Japanese internet company CyberAgent (TSE:4751). According to the startup’s CEO Hideyuki Shoda, this follows their previous funding from Tokyo-based Incubated Fund. 
The app, which will be available on the US App Store from mid-May, lets you to sell items using your Instagram photos. ...
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The Bridge 5/8/2014 [en]

  • 10sec launches the service in US because there are much more Instagram users in the US than Japan. It may be very hard for Japanese startups to compete in the US market, but it is also interesting to see how it will challenge backed by CyberAgent.

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