Instagram Hits 27M Registered Users and will Release the Android App Soon

InstagramThe popular photo-sharing app, Instagram, that’s taken a certain lead on the Apple’s iOS, stated it has exceeded 27 million users registered today during the SXSW Interactive conference held in Austin, Texas.

Kevin Systrom, the co-founder, did not reveal active users daily throughout his interview with Alexia Tsotsis, an editor in TechCrunch. Yet he said all of the registered users who’ve been involved in the a week ago, 67% of those utilized the application yesterday.

“It’s Facebook-level engagement that we’re seeing,” Kevin Systrom said in the interview.

He did not actually provide any lucidity on gossips that this company who made the app is rearing $40 million in a $500 million assessment.

“Good companies are always fundraising,” he stated. “Whether you’re meeting people or considering firms, you’re always fundraising. But it doesn’t mean we’re active. We’re trying to create a long-term, viable company that doesn’t come and go with fads. It should be something that lasts and creates meaningful value.” he added.

The co-founder also had something else up his sleeve – he introduced the company’s forthcoming Android app of Instagram. Systrom exhibited it around quite briefly in the stage, and did not show a complete demonstration.

He also quoted that it is better than their iOS application.