Dating services new delhi
“We really don’t keep tabs on other companies,” the spokesperson said.
Online dating (or Internet dating) is a system that enables people to find and introduce themselves to new personal connections over the Internet, usually with the goal of developing personal, romantic, or sexual relationships.
But Indian dating platforms typically promise to connect urban singles who are not just looking for casual relationships, but also sometimes a potential spouse.
”At some point next year, I would expect us to be revenue positive.”Technopak’s Singh, however, said that the growth of these apps may be low in smaller cities and towns—and that will reflect in the companies’ valuations.“Investors who are betting on this segment will understand the challenges that these companies face and so the realistic valuations of these companies will be much lower,” she said.
“So in the near-term, I doubt there will any unicorns in dating apps space, but then in the long-term, perhaps we see a big player emerge.”So, is Tinder concerned about competing with homegrown companies?
In March 2015, Truly Madly raised .7 million (Rs35 crore) from Helion Venture Partners and Kae Capital.
Woo, on the other hand, is backed by Matrix Partners, Omidyar Network and mobile technology company, U2opia.“The Indian society is fast transforming and online dating is increasingly becoming acceptable,” Helion’s Ritesh Banglani told Business Standard newspaper.