Momo is a free location-based services instant messaging application for smartphones for chatting up nearby strangers.
Users can connect to people nearby and share free texts, audio notes and photographs over the internet. The client software is available for both Android and iOS.
The app may have started as a way for shy Chinese people to introduce themselves and get past awkwardness, but now it is a tool used for a very different purpose. It is the premier app to find someone close to users to hook up with. Users can find like-minded people around them anywhere and anytime.
The company by the same name was founded in March 2011 by Tang Yan, Zhang Sichuan, Lei Xiaoliang and Li Zhiwei, most of whom are veterans of NetEase, and is based in Beijing, China.
Momo was initially launched in China in August 2011. Its international version was launched in October 2012 but so far has only been available for iOS. Momo has registered 80 million users after two years and three months since the launch. Daily active users are 13 million and the monthly active are 39 million. An average of 500 million messages are generated daily during one-on-one conversations or group chatting. The company raised $2.5 million funding from Matrix Partners in 2011 and $40 million in Series B from Alibaba Group, DST and Matrix Partners in August 2012.