Tokyo-based Creema, the startup behind the C2C marketplace for handmade items, announced today that it has raised 100 million yen (about $1 million) from KDDI Open Innovation Fund. The company plans to use the funds for system development efforts to give users better experience.
In this space, we’ve seen many startups like Etsy (US), Creatty (Japan), and Pinkoi (Taiwan). But Creema is one of the oldest companies among them. Since its launch back in June of 2010, the company has acquired 18,000 creators and they have submitted over 500,000 items on the platform. ...continue reading ...
The Bridge 6/6/2014 [en]
- It is free to place items on the marketplace and it takes 12% of the revenue when sold. The commission rate becomes less to 8% depending on the total sales. KDDI aims to let users to pay by KDDI's billing service on the platform.