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2014-02-05

Netprice rush to invest more in Indian tech start-ups

Netprice.com is looking for opportunities in India, highlighting the interest of Japanese investors the early-stage technology start-ups.

Japan’s Netprice.com, consumer internet incubation cum investment firm, is looking for opportunities in India, highlighting the interest of Japanese investors in the country's early-stage technology start-ups, especially in the web and mobile space.

 

"We are looking at investing in about two to three ventures in India in 2014, given the growing population of the country, along with increased internet penetration, which we feel are critical factors for the growth of e-commerce ventures," said Teruhide Sato, president and CEO of Netprice.

 

Over the past five years, a number of Japanese investors, such as SoftBank SBI Holdings have made marquee investments in a number of early-stage ventures.

 

The Netprice group was set up in 1999 in Tokyo with the objective of facilitating commerce on internet. According to its website, it has placed its business focus on the internet and distribution since inception, and has set up a broad array of businesses.

 

The group has a total of nine companies, including some into flash sales. With the strategy of creating new e-commerce models, the group also engages in the incubation business. It is currently incubating seven companies, including Defacto Standard Co, Shop Airlines, and Open Network Lab.

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