Asia’s mobile flea market app Duriana raises $2.5 million from Beenos, others



See the original story in Japanese.

Duriana Internet, a Malaysia- and the Philippines-based startup that provides mobile flea market app Duriana, has secured $2.5 million from Japanese internet company Beenos (TSE:3328) and existing investors, as well as Austria-/Singapore-based VC firm Alps Ventures.

Beenos takes an over 10% stake in Duriana upon this round. In view of Beenos’ investment in this sector, the company invested in Fablic, the Japanese startup behind flea market app Fril, back in August of 2012.

Duriana has listed over 600,000 items to date, providing an escrow system called Duriana Safe Payments, which assures safety for peer-to-peer transactions between users.

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy