TECH CIRCLE – Feb 17 – GetVee Technologies, which runs assistant matrimony platform Wedlock and couples-only app Fym, has raised an undisclosed amount from existing investors Lightspeed Venture Partners and others. The money will be utilised for product development, added Gupta. In November 2014, it had raised $1M in a pre-Series A round of funding from Lightspeed Venture Partners.
by Varun Arora
See full article at Tech Circle
This post also appears on InternetDatingInvestments.
QUARTZ – Oct 1 - Tinder launched in 2013 in USA. Two years on, India is Tinder's top market in Asia. There are ~7.5M swipes in India each day, according to Tinder's spokesperson. Tinder users in India also send the most messages per match globally. The success of Tinder has encouraged several Indian entrepreneurs to launch dating app such as Woo or TrulyMadly. But the new dating apps are focusing more on women's safety and long term relationships. In March 2015, TrulyMadly raised $5.7M (Rs35 crore). This year has already seen several other dating apps raise funds. In July, iCrushiFlush had raised an undisclosed amount. In November 2014, another dating app Vee raised $1M.
by Shelly Walia & Itika Sharma Punit
The full article was originally published at SBS, but is no longer available.
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TECHCIRCLE – May 5 – One of the early investors and co-founder of Tinder, Dinesh Moorjani has joined mobile-based dating venture Vee as advisor. Moorjani is founder and CEO of Hatch Labs, a mobile technology incubator and captive fund, which built ~10 startups from the ground up since 2010, including Tinder. Moorjani was formerly SVP of IAC Mobile. Founded in April this year, Vee connects single people with others based on their interests. The company claims it is close to crossing 500K app downloads. GetVee, the company behind Vee, had raised $1M in its pre-Series A round of funding.
by Binu Paul
See full article at TechCircle
VCCIRCLE – Nov 7 – Vee, an Indian mobile dating app, has received $1M in its pre-Series A round of funding from Lightspeed Venture Partners. Launched in April this year, Vee connects people who are single with others having the same tastes. The firm is also looking to monetise the app in the near future by introducing a paid subscription model.
by Sainul K Abudheen
See full article at VCCircle
This post also appears on InternetDatingInvestments.