# Nimbuzz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nimbuzz

- Industry: Internet
- Headquarters: Rotterdam, Netherlands
- Website: www.nimbuzz.com
- Total disclosed funding: $25M
- Latest round: Series B (Jul 1, 2008)
- Investors on record: 3

## About

Nimbuzz is a versatile communication platform that integrates messaging, live streaming, and ecommerce services, enhancing user interaction and entertainment across diverse geographical markets.Founded in 2006 and headquartered in Rotterdam, Netherlands, Nimbuzz provides a multifaceted platform for communication. In 2014, New Call Telecom acquired a majority stake in the company for USD 175 mn. The company's trajectory includes five notable deals, with a focus on expanding its services and user engagement. The founder's background in technology has shaped Nimbuzz's innovative offerings.Nimbuzz operates as a multifaceted platform, primarily offering an integrated suite of communication and entertainment services. The company's core offerings include a messaging application that facilitates chats both online and offline, enhanced by features like sonic message delivery and customizable stickers. Users can also engage in live streaming to grow their audience and receive gifts, as well as access ecommerce functionalities for discounted products and a wide selection of movies. These services cater to various customer needs, including social interaction, entertainment, and online shopping solutions.Nimbuzz generates revenue through a combination of service subscriptions and ecommerce transactions. The business model includes direct-to-consumer transactions for messaging and streaming, alongside partnerships with retailers for a seamless shopping experience. Users can subscribe to premium features, creating a recurring revenue stream. The platform's ecommerce section supports transactions, further contributing to overall revenue while aligning with digital consumer trends.In the coming years, Nimbuzz plans to expand its product portfolio with new features aimed at enhancing user experience, particularly in live streaming and messaging capabilities. Targeted geographic expansion will focus on emerging digital markets in Asia and Africa by 2025, leveraging recent funding from New Call Telecom to support these initiatives. The USD 175 mn acquisition will facilitate the refinement of their platform, aiming to increase user engagement and broaden their audience base.

## Funding rounds

- Series B, Jul 1, 2008, $15M — Mangrove Capital Partners, Naspers Limited
- Series A, Jun 19, 2007, $10M — Mangrove Capital Partners, HV Capital, Naspers Limited
- Angel, Dec 1, 2005 — Mangrove Capital Partners

## Investors

- Mangrove Capital Partners (https://capitalatlas.ai/funds/mangrove-capital-partners) — Angel, Series A, Series B
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A
- Naspers Limited — Series A, Series B