Mig33, a mobile based social networking service, which had topped Bharti Airtel's App Store charts earlier this year, has raised $8.9 million in Series C funding from two strategic investors - one Indonesian (Sugiono Wiyono), and another Japanese (GREE). Speaking with MediaNama, Mig33 CEO Steven Goh said that the company is close to break-even now, and will use the money to invest in application development for platforms like Mediatek, as well as Android, which he views as a very important for emerging markets. The company is also looking at escalating operations in South East Asia and South Asia, looking at local language types, local content and increasing local relevance; for expanding its user base, in order to secure its position, Goh said that Mig33 will also spend on advertising in these markets. He was evasive on specific plans for investment in the India market. According to Goh, 40% of Mig33's active user base is in South Asia, and 45% in South East Asia, and "we'll allocate resources to match the footprint." Indonesia is Mig33's largest market, and in that context, they've taken investment from Sugiono Wiyono, who is the President Director and CEO of telecom retail distribution company PT Trikomsel Oke Tbk. Trikomsel also has a subsidiary which retails cell phones in Singapore. Additionally, Mig33 has raised money from GREE, believed to be the largest social networking site in Japan, which has a focus on gaming. Mig33 is based on Gree's model, and recently rolled out its Game Developer Program, wherein…
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