On MocoSpace’s impressive growth rate and mobile social networking

Well; it’s raining funds here in mobile advertising and networking market. After Smaato and Blyk, it’s MocoSpace which caught everyone’s attention a couple days back with two back-to-back milestones.

Firstly, it got a $4 million funding from a pool of investors which included General Catalyst, Pilot Group, and Michael Dearing, a former eBay executive. Secondly, MocoSpace recently went past the magical figure of 2 million users for its mobile social networking service. There is still a lot of scope for improvement as far as MocoSpace is concerned, but you’ve got to give it to those guys. Their mobile based social networking service gets over 1 billion page views every month. Believe me, that is just too big a number for a firm like this.

The user base of MocoSpace mainly consists of young, urban crowd who are into social networking as if their life depended on it, and it is evident from the number of page views this service gets every month.

What intrigues me the most is this – there are not many smart phones available in the market, at least as of now, and a majority of mobile users use ordinary handsets. In other words, mobile web experience will not be as good as it will be on a smart phone. If this kind of growth is possible at this stage, I wonder what would be the growth rate when more and more people start using smart phones in future. There’s a goldmine to be explored; that’s for sure.