YOUR STORY – Indian media company Zee Media is investing Rs 3.75 crore (~$450K) in Flutrr, a vernacular dating app, through its subsidiary Zee Akaash News, with the deal expected to close by the end of 2024. Flutrr, backed by investors such as the Times of India and The Chennai Angels, doubled its revenue in FY24 to Rs 2.5 crore ($300K) from Rs 0.99 crore ($120K) in FY23. The app, founded in 2021, uses a pay-per-use model and is approaching 1M downloads. It expects to achieve operational breakeven by the end of 2024.
by Akshita Toshniwal
See full article at Your Story
This post also appears on InternetDatingInvestments.com