VENTURE BEAT - Aug 28 - Momo Tech has raised $40M for its app that helps nearby strangers connect with each other. The product is similar to Grindr, Skout, Blendr and Badoo. Momo claims 10M users (acquired in just 1 year), 2.2 million of whom use the app daily, and the addition of 1M users a month. Momo means “Hi, stranger” in Mandarin.
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