BLOOMBERG – Feb 3 – Tinder said availability of cheap data and increasing use of smartphones triggered the growth of Tinder in India. "It's just the beginning," said CEO Elie Seidman in an interview. Tinder has ~4.1M paying subscribers globally. Though the basic app is free, it's the extra paid features that drives the company's revenue, Seidman said. ~95% of the overall revenue comes from paid services. Tinder is the second-most grossing app in India, he said, without revealing the number of users in the country who are paying for its features. Seidman said the smaller markets are growing faster than the bigger cities.
by Nishant Shamra
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