Social Net Parent BuzzCity Gets $10 Million For Africa Partnership

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Mobile social network myGamma‘s parent BuzzCity is getting a $10 million funding from South African media group Naspers, with the aim of investing in applications that can leverage partnership opportunities. The Singapore-based network offers blogging, messaging, games etc and claims 2.7 million users across 70 countries and 1.7 billion ad impressions per month.

It’s particularly popular in South Asia, but also South Africa. BuzzCity CEO KF Lai:

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Social networking trends through mobile is definitely going to take up the pace and such investment is a clear indication of the trend

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