ENTRACKR - June 30 - TrulyMadly began operations in India in early 2014. Since then, the company has been steadily moving forward without losing much money. But, at the same time, it's not growing unlike other Internet-businesses across segments. TrulyMadly clocked a revenue of Rs 7.2 crore (~$1M) in FY17, ~4% growth compared to the previous fiscal. So far, TrulyMadly had raised about $6M from Helion Ventures and Kae Capital. Besides subscription, the company makes money via 'Select' matchmaking service.
by Tausif Alam
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