Singapore-based social voice messaging company Bubbly (formerly known as Bubble Motion) has been acquired for an undisclosed amount by India-based mobile VAS company Altruist Group, reports TechInAsia. Last week, TechInAsia had reported that it had learnt from sources that Bubbly was on the verge of liquidation, after a few acquisitions deals failed to work out. Also, it seems Bubbly had carried out the due diligence process a number of times in the past nine months, anticipating acquisitions. This deal will add the 40 million registered users Bubbly, which was first launched in February 2010, has across Asia and the Middle East, plus the 140 million users (claimed) of the SMS-based BubbleTalk service across India and the rest of Asia to Altruist’s portfolio of voice-based services. Bubbly CEO Thomas Clayton told the publication that most of its employees will move to India or Indonesia, as part of the deal. Bubbly’s existing investors are expected to continue as minority stakeholders in the new combined entity. Bubbly in India Bubbly allows users to record short voice updates, which can be shared within their network. Users can also follow celebrities and other users of the platform. Users receive SMS alerts every time someone they follow posts an update. In the first week of its launch in India, Bubbly claimed to have registered 150,000 users in the country. The company claimed to have over 19 million users in India (as of August 2012). Bubbly funding timeline -Since September 2006, Bubbly has raised over $40 million…
- Why did the Delhi High Court restrict use of Amitabh Bachchan’s image and voice? November 25, 2022
- Why did an Indian exchange, CoinDCX, publish its Proof of Reserves days after releasing its R2L ratio? November 25, 2022
- DPDP Bill, 2022 Has Received Good Response From Stakeholders: MeitY’s Ashwini Vaishnaw November 25, 2022
- Twitter Blocks Tweet of CJ Werleman’s YouTube Show Discussing Police Violence Against Indian Muslims November 25, 2022
- Unique Identification Authority of India (UIDAI) says verify Aadhaar as ID proof using QR November 25, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...