ENTREPRENEUR - Dec 11 - Paktor, best-known as a Tinder rival in Asia, was launched in June 2013. Since then, the app has launched in 12 countries, including Japan, Taiwan, Singapore, Indonesia, and Hong Kong. It secured funding from investors like Yahoo Japan-affiliate YJ Capital and Singapore's Vertex Ventures. The founders of Paktor are primary school classmates - Joseph Phua and Ng Jing Shen. After completing his MBA from University of Chicago's Booth School of Business, Joseph returned to Asia to start Paktor. The app, however, couldn't handle the high volume of users and crashed. He then reached out to Jing Shen, a University of Michigan graduate, for help, who at that time was working with Amazon as a software engineer and was a part of the team that re-architected one of the world’s first cloud computing services, S3. Today, Paktor has 15M users. In 2014, the founders launched its offline dating counterpart, GaiGai which specializes in matchmaking via its in-house matching system and personalization.
by Pooja Singh
See full article at Entrepreneur
See all posts on Paktor
Subscribe to OPW + Join IDEA + Engage CB
| |
