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    Obscure mobile company Mig33 grows quickly, raises $10M

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    sang_garuda
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    Obscure mobile company Mig33 grows quickly, raises $10M

    Post by sang_garuda on Mon Oct 20, 2008 10:25 am

    Unheard of mobile service company Mig33 is showing explosive growth by offering a simple way to text, IM and make cheap voice calls.

    The company has gained four million subscribers in less than eighteen months, mostly in South East Asia, many of whom are using it as their only way to access the Web. Significantly, this is not a technology company. It is using standard technology, and following through with a clean execution.

    Tomorrow (Monday) it announces it has raised $10 million from Accel Partners and Redpoint Ventures, two well-known Silicon Valley venture capital firms. Technology Venture Partners also invested.

    Its traction is impressive considering the company has paid less than $20,000 in marketing costs according to chief executive Steve Goh.

    Customers can use it on standard phones, to text and IM for free, and to share information in chat rooms. Mig33 gets paid when customers buy a pre-paid phone card, to use for voice services. While the voice calls themselves are made over the Internet (VoIP), and so very cheap, Mig33 takes a small cut for the service. The company did not specify how big its cut is. The company has just moved to Burlingame, Calif., from Australia.

    While other companies offer various aspects of its service eBuddy offers mobile chat, for example Mig33s advantage is that you dont have to close your voice or text application to access its IM service. You can do all three in one session. See screenshots below. The service is downloaded via an SMS message, making it simple and viral.

    In most of the more than 200 countries where it operates, users dont rely on the same sort of entrenched mobile carriers we are used to here in the U.S. In many countries, many people rely on pre-paid cards for making calls.

    Mig33s parent is Project Goth.

    One notable trend is that most of its Mig33s users are using the companys own IM service, instead of opting to use more popular IM services, such as Yahoo Messenger, Google Talk, or MSN, which Mig33 does let its users choose. More than 75 percent of subscribers are choosing Mig33s IM services. Theyre sending more than 15 million messages a day. Mig33 also offers users a way to create a profile and to share photos.
    think


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    Re: Obscure mobile company Mig33 grows quickly, raises $10M

    Post by god 0f rule on Mon Oct 20, 2008 8:57 pm

    wow $10 million ?? dash

    duit smua tu yak admin

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    Re: Obscure mobile company Mig33 grows quickly, raises $10M

    Post by Maistro-a on Tue Oct 21, 2008 7:20 pm

    AMAZING
    THANKS FOR THE NEWS

    sang_garuda
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    Re: Obscure mobile company Mig33 grows quickly, raises $10M

    Post by sang_garuda on Tue Oct 21, 2008 7:51 pm

    yes ryt 10 millions Very Happy


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    Re: Obscure mobile company Mig33 grows quickly, raises $10M

    Post by god 0f rule on Tue Oct 21, 2008 10:50 pm

    sang_garuda wrote:yes ryt 10 millions Very Happy

    whn d dream come true Excite
    $10 millions you can do everythin with that money music
    wht will you do if you have that money sang?? dash

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    Re: Obscure mobile company Mig33 grows quickly, raises $10M

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