Category: All Investment Raises

Shark Tank: Hater Dating App Accepts $200k Offer From Mark Cuban

Posted on November 27, 2017

Hater welcome screenBUSINESS2COMMUNITY – Nov 27 – Hater dating app, which went viral earlier this year, connects people based on what they hate. The sharks think it's an interesting idea. Since Valentine's Day, they have accumulated ~500k users. Barbara Corcoran loves the name and offers $250k for 5%, which she says must be accepted right away. Lori Greiner then jumps in and offers $200K for 10% with a promise to create a whole brand around the app. Corcoran then goes out since he did not immediately accept her initial offer. Mark Cuban makes an offer as well, coming in at $200K for 7.5% and 2.5% in advisory shares. Cuban likes the idea of using celebrity influencers, in addition to the gaming aspect. Robert Herjavec likes the PR angle and offers $250K for 15% with Corcoran for a total investment of $500K. Ultimately, Hater's Founder Brendan Alper accepts Cuban's offer.

by Erica Abbott
See full article at Business2Community

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Summarized by the Courtland Brooks team

Japanese Dating App Developer, Mrk & Co, Raised $1.3M

Posted on November 22, 2017

Dine iconDEALSTREETASIA – Nov 20 – Tokyo-based Mrk & Co, which is behind mobile dating app Dine, has closed a venture investment of JPY 150M ($1.3M) from Tokyo-listed marriage agency Partner Agent and Venture United, and a loan from the Japan Finance Corporation. This follows a JPY 40M ($356,800) investment from CyberAgent Ventures and iSGS Investment Works in March 2016. Established in 2015 by CEO Keisuke Kamijo and CTO Takashi Morioka, it will officially launch its mobile app in Japan. It monetizes through a subscription model of JPY 6500 ($57) per month or JPy 4800 ($42) if users pay for the first three months upfront. The app is live in New York, Los Angeles, San Francisco, Boston, Philadelphia, Washington DC, and Vancouver.

by Shiwen Yap
See full article at DealStreetAsia

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Dating Chatbot NearGroup Raises $1.6M Seed Funding

Posted on October 17, 2017

Neargroup logoVCCIRCLE – Oct 16 – NearGroup, a chatbot that connects like-minded people based on their location and personality, has reportedly raised $1.6M (Rs 10 crore) in seed funding led by Finland-based early-stage venture capital firm OpenOcean. Silicon Valley-based VC firm NeoTribe Ventures and San Francisco-based accelerator Boost VC also put in money. The startup will use the capital to bolster its India operations and strengthen its marketing team. The NearGroup chatbot works through messaging platforms such as Facebook Messenger, Viber, Kik, and Line. NearGroup was founded in 2016 by Pitti, an IIT Madras alumnus and founder of travel portal EaseMyTrip.

by Binu Paul
See full article at VCCircle

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Matchmaking App Inclov Raises Pre-Series A Funding

Posted on September 27, 2017

Inclov logoVCCIRCLE – Sep 26 – Inclov, the matchmaking agency for disabled people, has raised an undisclosed amount in its pre-Series A funding round from a clutch of investors. The investors who participated in this round include Rajan Anandan, managing director and India head, Google; Jamil Khatri and Ravi Iyer, angel investors; Debjani Ghosh, former MD of Intel South Asia; and existing investor Raghav Bahl, founder of Network 18 and Quintillion Media. The company had previously raised Rs 1 crore (~$149k) in a seed round of funding.

by Disha Sharma
See full article at VCCircle

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Matrimony.com IPO On Last Day Subscribed 4.4 Times

Posted on September 14, 2017

CoinsFINANCIAL EXPRESS – Sep 12 – The IPO of Matrimony.com was subscribed by 4.4 times on the last day of the issue, with investors bidding for 1.23 crore shares of the 28.11 lakh shares on offer.

See full article at Financial Express

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Matrimony IPO Subscribed 67% On Day 1

Posted on September 12, 2017

Matrimony ipo breakout of sharesINC42.COM – Sep 12 – The IPO will come to a close on Sep 13 and is expected to get listed on the Stock Exchange on Sep 21, 2017. With this IPO, Matrimony is looking to raise $20.3M (INR 130 Cr) against ~3.7M shares at a price band of INR 983 – INR 985. ~$3.1M (INR 20 Cr) from the IPO proceeds will be spent on advertising, business promotion and general corporate purposes, while $469K (INR 3 Cr) will be used to repay overdraft facilities. ~$938K (INR 6 Cr) will go into purchasing land for the construction of offices in Chennai. Following the announcement of its IPO, Matrimony also bagged $35.3M (225.9 Cr) from a group of anchor investors.

by Sukanya Mukherjee
See full article at INC42.com

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Matrimony.com Opens Its IPO

Posted on September 12, 2017

Matrimony logo on the wallBLOOMBERG – Sep 11 – India's biggest online matchmaker is selling shares in Matrimony.com for ~$15 apiece. Backed by Silicon Valley investor Bessemer Venture Partners, Matrimony.com expects to raise as much as 5B rupees ($78M) with the IPO closing on Wednesday. The startup has already raised funds from Goldman Sachs India Ltd., BNP Paribas Arbitrage Baring Private Equity India AIF.

by Saritha Rai
See full article at Bloomberg

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Matrimony Bags $35.3M From Anchor Investors Pre IPO

Posted on September 11, 2017

Matrimonycom logoINC42.COM – Sep 9 – Matrimony has reportedly raised $35.3M (225.9 Cr) in the run up to its IPO. The money was raised by 22.93 lakh shares to anchor investors including Smallcap World Fund, HDFC Trustee Company, Baring Private Equity Asia, BNP Paribas Arbitrage, Goldman Sachs India and DB International (Asia). Anchor investors are typically marquee investors that are invited to subscribe to the company’s shares ahead of its IPO. This reserved subscription is aimed to boost the popularity of the issue. The IPO will be open on September 11 and will close on September 13.

by Aparna Mishra
See full article at INC42.com

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Matrimony.com To IPO In September

Posted on August 25, 2017

Matrimony logo on the wallFINANCIAL EXPRESS – Aug 25 – Matrimony.com which runs the online matchmaking website BharatMatrimony.com, is likely to launch its Rs 500 crore ($78M) IPO early next month. Proceeds from the issue will be used for advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes. Matrimony had filed its draft IPO papers in August 2015. However, the company did not go ahead with the plan.

See full article at Financial Express

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JigTalk Secures Investment From UK’s Leading Mobile Tech Group

Posted on August 22, 2017

Jigtalk logoPROLIFICNORTH – Aug 21 – JigTalk, the dating app that puts personality first, has received investment from Apadmi Ventures, the investment arm of the UK's leading mobile technology group. On JigTalk, sixteen jigsaw pieces initially cover each user's face before popping away as messages are exchanged. The app was soft-launched in February 2017 and already has 10K users after launching in four cities including Manchester. Last month they became the first UK start-up to be accepted into Nasdaq's Entrepreneurial Centre in San Francisco.

by Simon Austin
See full article at ProlificNorth

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Summarized by the Courtland Brooks team