iCook, one of Taiwan’s largest recipe social sharing network site, has just announced their investment by CyberAgent Ventures. The amount of the investment is undisclosed.
Launched 11 months ago, iCook allows anyone to easily share his or her food recipe into the online community. One can access these recipes through the online web app or through their mobile app. To date, iCook has more than 70,000 registered users, with more than 10,000 user generated food recipe on their platform.
According to CyberAgent ventures, the food recipe social sharing community is slowing getting the attention of main stream population. The reason for this is that there is a demand for food recipes. In Japan, there are similar proven business models that revolves around user generated food recipe platforms. CyberAgent Ventures believes that iCook.tw has strong potential to become the leading player in Taiwan and will take advantage of CyberAgent Inc’s wide network of resources to enhance the company’s growth and value. With the investment, funds will be used primarily to facilitate further growth of users and content. ...e27 10/30/2012 [en]
- Cookpad is the leader of recipe sharing site in Japan, which has over 1.3 million recipes and 20 million active users. iCook still does not have so many traction but considering the success of Cookpad, it must have great potential.