KDDI acquires start-ups, invests in five more

17 Oct 2014

Telecoms operator KDDI (au) is purchasing two Japanese start-ups and investing in a further five more, the Nikkei reports, noting that the total investment is in the region of JPY12 billion (USD113 million). The operator has purchased ‘life-hacking’ site Nanapi and Bitcellar – operator of ranking site Qrank and popular camera app developer FX Camera. The five firms to receive injections are: AppBroadCast, Jorte, Natasha, Vasily and Luxa. KDDI is Japan’s third largest mobile operator by subscribers behind NTT DOCOMO and Softbank Corp, and has long been a supporter of the country’s start-ups, but admits its investment capabilities are limited. Nonetheless, with Nanapi attracting 24 million visitors a month and with Bitcellar noting that its FX Camera has been downloaded 20 million times, KDDI will hope that it is money well spent.

Japan, KDDI (au)