Bubbly, a Singapore-based voice social media platform, has recently been acquired by Altruist, a provider of telecom services in Europe, Africa, and Asia. The exact details of this transaction remain undisclosed. Known previously as Bubble Motion before its rebranding, Bubbly had successfully raised a total of $39 million from numerous investors such as Sequoia Capital, Comcast Ventures, Palomar Ventures, JAFCO Asia, NGP, Infocomm Investments, and SingTel Innov8. Post-acquisition, these investors will own minority stakes in the combined entity.
This acquisition comes after recent reports of Bubbly facing liquidation due to unsuccessful acquisition deals.
Bubbly’s statement related to this acquisition highlights its user base of 40 million spread in Asia and the Middle East on its vocal-based social media platform, alongside its 140 million users on BubbleTalk, a voice SMS service it offers.
Dheeraj Aggarwal, Altruist co-founder, expressed his enthusiasm about welcoming Bubbly into the group. He mentioned, “The incorporation of Bubbly is thrilling… It fits our European and African voice platform business impeccably, catering to over 80 million users of active voice messaging that would instantly benefit from an established yet groundbreaking service.”
source: Catherine Shu/TechCrunch
Minor enhancements were applied in 2025 for readability.
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Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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