Vodacom invests in Zoopy

Vodacom invests in online social media community Zoopy.com

By - June 26, 2008
Vodacom invests in Zoopy

Vodacom today announced that it has secured a stake in Zoopy.com, a South African-based social media community website.

Launched in March 2007, Zoopy.com allows its users to upload and share videos, photos, podcasts and blogs.

In just over a year, Zoopy.com have established themselves as a significant player in the user-generated content space in Africa, with Nokia selecting them as their regional imaging partner for South and West Africa.

More recently, Zoopy.com was also chosen as Mail & Guardian’s Online video delivery partner.

This deal will give Vodacom a 40% stake in the South African startup and affirms its change in direction by entering the multimedia market.

According to Tlhabeli C Ralebitso, Managing Director, Vodacom Ventures, the investment is an important move at just the right time for both parties. "Zoopy.com has established itself as a key role-player in the online social media arena and has a growing community that will now be able to grow bigger, better and faster.

"Vodacom puts great value in what has been achieved online thus far, and we look forward to combining mobile and internet strengths to create an even more valuable destination for all Zoopy.com users."

CEO of Zoopy.com, Jason Elk, is pleased at having found the "perfect partner". "At the beginning of this year we realised that we needed investment to roll out our strategy to its full potential. But from the start we were quite specific about the partner we were looking for.

"Funding was important, of course, but we wanted our investor to add value to the overall Zoopy.com user experience too. With Vodacom at our side, we’ll be able to bring many new features and opportunities to both their users and ours. This is exactly what we were looking for and we can’t wait to make it happen."

 

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Would you rather be single, or have a robot partner on Valentine's Day?

View Results

Loading ... Loading ...

More News

Here are the Tesla Powerwall systems you can buy in South Africa

Tesla Powerwall

There are four Tesla Powerwall solutions that will officially go to market in South Africa, said Rubicon.

Why free University in South Africa will be a massive mistake

Graduation high school university

The idea of free higher public education, or what student activists have termed “#FeesMustFall”, is appealing. It is also, however, inherently regressive.

Why gravitational waves are such a big deal

Gravitaional waves

Scientists working at the LIGO experiment in the US have for the first time detected elusive ripples in the fabric of space and time known as gravitational waves.

This simple infographic shows who South Africa’s Internet users are

Africa internet connectivity

The latest Effective Measure statistics reveal who South Africa’s Internet users are, using an easy-to-understand infographic.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
x