Japanese social gourmet site/ restaurant finder Retty just announced that it has raised a total of $1.2 million from GREE Ventures, NTT Investment-Partners, and Mitsubishi UFJ Capital. The startup has not disclosed how many shares were allocated to each of the investors.
Until today, the service has acquired about 90,000 users, and 90,000 restaurant entries. This means it has a larger collection than other Japanese gourmet sites such as Hotpepper and GuruNavi, Retty CEO Kazuya Takeda says. ...Tech In Asia 10/12/2012 [en]
- The largest competitor for Retty would be Tabelog which has over 700,000 restaurants information focusing on users' reviews. Retty tries to differentiate from these competitors by letting users to post reviews with Facebook account which would provide more credibility with users' comments.
It has not yet have any business model. It would be also interesting how Retty makes money and when it starts.