Creema is the latest handmade marketplace in Asia to boost new funding. the japanese startup introduced this week (link via Google Translate) that it has bought 1.1 billion yen (about $ 10 million) from Globis Capital companions and returning investor KDDI Open Innovation Fund (the venture fund run through jap telecom KDDI).
The startup’s last spherical was once two years ago, when it obtained a hundred million yen from KDDI Open Innovation Fund. Creema was once launched in 2010 via CEO Kotaro Marubayashi and at the moment claims over 2.4 million listings from 60,000 marketers.
within the U.S., top handmade marketplace Etsy’s shares have fallen given that its April 2015 initial public offering, but identical e-commerce systems in Asia are nonetheless getting consideration from mission capital firms. as an instance, Craftsvilla in India has raised $ 54.5 million so far. different companies with smaller but nonetheless noteworthy rounds of funding embody Pinkoi in Taiwan and Blisby in Thailand.
Creema claims its transaction extent grew 450 percent year-over-yr, in comparison with 250 percent for the general marketplace for handmade goods in Japan. Creema competes with different handmade marketplaces Iichi (which introduced a partnership with Pinkoi earlier this 12 months), Minne, and Tetote.
Featured image: Creema’s facebook web page
Startups – TechCrunch