PRESS RELEASE - Feb 11 - With 1.4M viewers every week, Dragon’s Den, which airs on CBC, includes 5 high profile investors from various industries, all 5 of whom were interested in investing in TwoMangoes.com. All investors unanimously agreed to invest $500,000 at 30% equal parts. After consulting with the rest of the team and their investor, the TwoMangoes team decided to turn down the money, based on the high percentage of ownership that came along with the deal. "We’re in a good position with our business right now so it would have to be the right kind of partner and valuation,” said co-founder Rahul Bhardwaj. TwoMangoes.com is a worldwide South Asian online dating site with a North American site that caters to English speaking South Asians and an Indian site that caters specifically to India.
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TwoMangoes.com Turns Down $500K On National TV Show
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New Breed Of Indian Dating Sites Using Scientific Matchmaking
THE TIMES OF INDIA - July 20 - Traditional matrimonial sites in India use markers such as caste, community, and horoscope to determine matches. New start-up TwoMangoes.com is leveraging self-learning behavioral matching algorithms to determine compatibility. The site claims 1,000 new sign ups per day. Social dating start up MyMitra is ranking people by achievement and commitment using scientific matching. It has signed up 500 users. Another site using scientific algorithms is DateIITians. It has over 10,000 registered users, 40% of whom are IIT and IIM students and graduates. Group dating site StepOut.com has over 4 million registered users in India.
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Online Dating Start-up TwoMangoes Raises Angel Funding
VC CIRCLE - Feb 21 - Targeted at South Asians globally, TwoMangoes has launched its India operations a couple of weeks ago. TwoMangoes has raised an undisclosed angel funding from Andy Jasuja, the co-founder, chairman & CEO of Sigma Systems, an IP solutions services company. The dating portal will use the funds to scale up its user base and develop mobile and Internet apps to reach out to more people. The funds are expected to last for about a year and after that, the firm will be looking to raise series A funding of about $3M.vThe company already has a presence in the USA, Canada, the UK, Australia and the UAE.
by Nandana Das
The full article was originally published at VC Circle, but is no longer available.
This post also appears on InternetDatingInvestments.
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TwoMangoes.com Viral Video
PRESS RELEASE - Aug 15 - The Impact New Venture Competition recognizes the ideas of young South Asian entrepreneurs from around the world. TwoMangoes presented a 2-minute pitch to a panel of leading business professionals. TwoMangoes.com plans to change the world of South Asian dating with their fresh, innovative and anti-matrimonial approach to love and relationships.
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