Mr Sabeer Bhatia, who revolutionized email service 15 years ago with the world’s first web-based email service Hotmail (co-founded with Jack Smith), is now back to make mobile text messaging more affordable.
Bhatia, co-founder of Jaxtr, on Tuesday announced the launch of JaxtrSMS, a open mobile app that allows users to send free SMS to any other phone anywhere in the world. Best of all, JaxtrSMS links directly to your address book so you can send messages to anyone whether they have JaxtrSMS app or not.
Jaxtr will make its revenues through contextual advertising (initially it will be AD free). Moreover, it will charge a fee to users who wish to send multimedia messages using the platform.
“The world is moving towards mobile phones. Today mobile opportunity is bigger than Internet. While in 2003 over 3 billion SMS were sent, the number is likely to reach 12 trillion SMS by 2015, which is huge. We want to revolutionize this space by making SMS free.” said Sabeer Bhatia.
The service, which is available as a free download for all major mobile platforms (iPhone, Android, Blackberry and J2ME), has been downloaded in 197 countries since its soft launch recently. It works on WiFi & 3G and all devices.
Jaxtr expects to raise between $10 million and $15 million venture capital from investors over the next few months as the company ramps up the subscriber numbers.