Indian dating online

“So going forward, I think, the sector will take off and see a fast growth.” As is true for most technology businesses, the entry barriers are low.Moreover, dating websites worldwide is a highly monetised business—with revenues coming in from advertisements to paid premium services.“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.Tinder is often considered a win for non-serious relationships, where a user can swipe right when she or he is interested in a profile, or swipe left to indicate rejection.But Indian dating platforms typically promise to connect urban singles who are not just looking for casual relationships, but also sometimes a potential spouse.There are investors, and there are consumers.” Much of this success can be attributed to changing social norms in urban India, a huge population under the age of 30, and the willingness of Indian entrepreneurs to tailor their products according to the needs of young men and women in the country.

“There has been a cultural shift in metros and big cities and Indians are now more open to having boyfriends or girlfriends, in comparison to a few years ago,” Pragya Singh, vice president—retail and consumer products at Technopak Advisors, told Quartz.This year has already seen several other dating apps raise funds.In July, i Crushi Flush had raised an undisclosed amount in seed funding from IDG Ventures in July.“Now dating apps have become mainstream,” Sumesh Menon, CEO and co-founder of Woo, a Gurgaon-headquartered dating app, told Quartz.“Just like e-commerce sites, now there are celebrities throwing their weight behind the dating space.

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