The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

momolay.com

Stage

Seed | Alive

Total Raised

$200K

Last Raised

$200K | 7 yrs ago

About Momolay

Momolay is a mobile-first entertainment app focusing on light content.

Momolay Headquarter Location

Myanmar

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Momolay News

Myanmar: Social media site Momolay secures $200k seed round from Singaporean investors

Oct 27, 2015

shiwen@dealstreetasia.com October 27, 2015: &nbsp Myanmarese social media portal  Momolay  has secured a seed round of US$200,000 from Singapore investors. The frontier market, with an estimated population of up to 60 million, is largely untapped and has consumers just starting to adopt mobile services. Currently, Internet penetration stands at only around 1 per cent of the population but is expected to grow. Launched by Soe Lin Myat in February 2015, Momolay is a mobile-first entertainment app focusing on light content. Tech in Asia  reported  that the money, raised from Singaporean investors, will be used to expand its team and form partnerships with content publishers in Myanmar. In a statement to Tech in Asia, Soe explained: “When we look at the app landscape in Myanmar, we don’t really have a lot of choices. After Facebook, there is not much venue for Myanmar’s people to get entertainment online. At the international level, there’s 9Gag and Buzzfeed. So we decided to create an app that combines both.” With a first-mover advantage in a relatively uncontested operating terrain, the only other potential competitor to Momolay in Myanmar is  Bindez , which is focused on news, rather than light content like lifestyle and entertainment news. According to official statements, while Momolay has its own content team, they plan to “partner with external publishers to provide users with a wide range of content that they will love”, in reference to their users. The post-money valuation of  the company stands at $1.2 million. According to Tech in Asia, this grants it a year of runway to progress to its next growth stage, with its Android mobile app being prioritised and its monetisation model being evolved. The next stage of Momolay’s growth is likely to see Momolay expand its presence and make inroads into other frontier markets like Bangladesh, Laos, and Cambodia, given that these markets have a relative lack of similar products and services. Excepting Bangladesh, these markets shares common heritage shaped by Buddhist and Hindu culture. Their geographic proximity to, as well as cultural familiarity with the aforementioned nations, means that Momolay can leverage on these to expand their operations as their venture scales and reaches maturity in Myanmar.

Momolay Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Momolay Rank

  • What is Momolay's latest funding round?

    Momolay's latest funding round is Seed.

  • How much did Momolay raise?

    Momolay raised a total of $200K.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.