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According to online market researcher Statista, Indian online dating companies are expected to earn around million in 2018, with nearly half the singles (41 million) from the 2011 census on dating apps by 2022.
Statista also says sectoral revenue is expected to show a compounded annual growth rate of 10.3% over the next four years, which would result in a market volume of million by 2022.
Companies lose revenue since repeat orders make money.
Now, a successful failure is when Raj meets Simran, they date brief ly but things don’t work out and both come back for more.
However, there are some who do not mind shelling out a few hundred to at least try and find their best match.
Tinder, for instance, is the third largest grossing app on Android in India, with industry estimates placing its monthly revenues anywhere between Rs 1-2 crore.
India, though never a priority market, was just about getting started.FREEMIUM’S THE FIRST LOVE The business of online dating, as ironic as it might seem, isn’t about dating. It’s more about user engagement at a micro-level and hope, cognitively speaking. Failure in the dating business is when a subscriber can’t find a match or the match doesn’t go anywhere.It is about getting you to spend time on the platform. That is also due to the gender bias in the platform, that is, there are more guys than girls on the platform,” adds Bhatia of Truly Madly. So, imagine Raj speaks to Simran virtually but never meets her.And then, the likes of Aisle, Truly Madly and i Crushi Flush took the plunge into the 85-million market with contrasting business models.Five years down the line, there is some evidence these companies might be earning money.