BESTMEDIA INFO – May 19 – After TrulyMadly and Woo launching in 2014, Tinder came up with a storm in January 2016 and destabilised the market to some extent. Tinder saw 97% growth in active user base in the last few months and 400% increase in app downloads since its launch in India. TrulyMadly gets new users every day and they spend ~45 minutes daily on the app. Woo too has ~2.5 M users. Sachin Bhatia, CEO of TrulyMadly, said, "We are looking at a major disruption in matrimonial websites." Co-founder and CEO, Woo, believes in co-existence. "Dating apps are going to co-exist for the next 15-20 years. Eventually, the younger audience will stop using these websites. I don't think the country is in a situation that anything is going to get replaced soon." But Aditya Save, CMO of Shaadi.com, said, "I don't see dating apps as a competition."
