Teriyaki is a mobile app that curates restaurants selected by foodies. It was launched last November here in Japan by former Livedoor CEO Takafumi Horie. As of March 4th, it had surpassed 60,000 downloads with more than 1,100 restaurants listed.
Tokyo-based online learning platform developer Hitomedia announced today it has invested an undisclosed sum in the foodie app. For the company, this is its third investment in the internet industry following US-based social commerce startup Fancy (last October) and Japanese online English learning service provider Langrich (last December).
Hitomedia’s CEO Masayasu Morita explained the rationale behind the investment:
When one of our subsidiaries set up a Facebook page to promoting their publication on Japanese food, it acquired more than a million likes from around the world. So we believe an app like Teriyaki has a great potential to be accepted by a global audience.
via Venture Now