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Category: All Worldwide (non UK/Euro/US)

Chinese Gay Dating App Blued to Acquire Finka for $36.5M

Posted on November 25, 2020

Blued finka unionCGTN – Nov 25 – BlueCity, the parent company of Blued will acquire Finka, a leading gay social networking app in China targeting younger generations for 240M yuan ($36.5M). It's the second acquisition BlueCity has initiated since the company listed on Nasdaq in July. The transaction is subject to customary closing conditions that are expected by mid-December. The company also bought LESDO, a dating app focused on China's lesbian community, in August. Finka had ~2.7M registered users in 2019. The majority of the app's users are born after 1995 and are from China's first-tier cities. The app allows users to establish social contact and share their daily life through features like matching, private message, posting moments and lifecasting. Blued now has 54M registered users.

See full article at CGTN

See the top news on Blued

This post also appears on InternetDatingInvestments.com

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Aisle, an Indian Dating App, Attracted 3.4M Users

Posted on November 12, 2020

Aisle logo 2020YOUR STORY – Nov 11 -  Aisle, Bengaluru-based app, brings together dating and matrimony on the same platform. Aisle was founded in 2014 by Able Joseph. In the past six years, Aisle has raised ~$300K from some of the biggest angel investors in the country, including serial entrepreneur Sanjay Mehta, Facebook Director Anand Chandrashekaran, and Udhyam founder Mekin Maheshwari. For the first 1,000 days, Aisle was a hand-picked community with every user being vetted by the team. Today, the app claims 3.4M members across 193 countries. Aisle was initially built with millennials in mind, but towards the end of 2017, it had an organic explosion of Gen Z audience. Currently, the team is focused on their new feature 'Rooms', introduced a few months after the lockdown was announced to help singles not just match online, but also have their first date via the Internet. 

by Sindhu Kashyaap
See full article at Your Story

See the top news on Aisle

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As You Are (AYA) – Indian LGBTQ Dating App

Posted on November 3, 2020

Asyouare iconTHE HINDU – Nov 4 – Two years ago, when the Supreme Court read down Article 377, decriminalizing homosexuality in India, Sunali Aggarwal had an idea. She began working on a new app, As You Are (AYA). After users fill in basic details, that include gender, orientation, an email address and a phone number, they have to upload a selfie which is verified by the team. The app is in English, and sees 60 people sign up daily with ~5K+ downloads to date. Going beyond just dating, AYA also hopes to provide a space to make friends within the LGBTQ+ spectrum.

by Neeraja Murthy
See full article at The Hindu

See the top news on As You Are

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BharatMatrimony Introduces 100% ID Verified Profiles

Posted on November 2, 2020

Bharatmatrimony logo 2020UNITED NEWS OF INDIA – Nov 2 – BharatMatrimony, India's leading matrimony service, is launching Prime, a membership service that offers 100% ID verified profiles. To be eligible for BharatMatrimony Prime, members should 1) Hold a degree (graduation or above), 2) Verify their ID (driving license, passport, PAN card or ration card) and 3) Upload a profile photo. BharatMatrimony has recently launched a slew of new features to provide a safe environment to female members. These include:

  • Control who can view and contact you
  • Unique SecureConnect feature which lets members receive calls from prospects without revealing their mobile number
  • Choose who can video call with you

See full article at United News of India

See the top news on BharatMatrimony

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Hawaya Dating App for Muslims Arrive in Malaysia

Posted on November 2, 2020

Hawaya logoPOKDE.NET – Nov 2 – Hawaya (owned by Match Group) is a Cairo-based dating app, founded in April 2017 by four Egyptian entrepreneurs. Hawaya is inspired by the word "Hawa" which translates to "love" in Arabic. According to the company, Hawaya carefully curates a culturally-acceptable solution to matchmaking. Users have to answer a series of questionnaires and authenticate their profile through a selfie verification process.

by Raja Idris
See full article at Pokde.net

See the top news on Hawaya

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Indian Matchmakers Explain Why Young Indians Still Go for Arranged Marriages

Posted on November 1, 2020

Indian matrimony2020VICE – Oct 31 – In Indian culture, parents tend to feel obliged to find suitors for their children. Some seek suitable matches within extended families, while others spread the word in their professional networks. Many reach out to professional matchmakers. A recent survey found that 60% of young Indians accept arranged marriages, and 81% are happy to stay in a joint family after marriage. Matchmakers do not find this recent interest unusual. Almost all matchmakers swear by a myth that divorces are less in arranged marriages. Data shows that only one in a thousand marriages end in divorce in India, a country of 1.3B people. "The reason why there are fewer divorces is because of social pressure, not because they're happier," said Dr Dayal Mirchandani, a psychiatrist based in the western Indian city of Pune, who specialises in marriage counselling. "Most of the time, the girls' families have spent a huge amount on weddings, and often tell their daughters they will not take them back."

by Pallavi Pundir
See full article at Vice

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Bumble Survey Findings Show a Shift Towards ‘Slow Dating’

Posted on October 21, 2020

Bumble logo 2020TIMES OF INDIA – Oct 21 – Bumble's recent survey shows that 70% of Bumble users in India claim there is a change in their behaviour and attitude towards dating as compared to before the pandemic. 81% claim they are more open to taking their time getting to know someone. 78% of single Indians are talking for a longer period, and having better quality chats, using Voice Calls and Video chat features in the app. People are spending ~20 mins on average on a video chat or voice call on Bumble in India.

by Disha Khemchandani
See full article at Times of India

See the top news on Bumble

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Indian Dating App Aisle Unveils ‘Rooms’

Posted on October 20, 2020

Aisle logo 2020BUSINESSWORLD – Oct 20 – Aisle is launching Rooms, a new live streaming feature where users can interact-before-matching. Once a host has created a Room, any numbers of users can join and wait for their turn for an audio conversation. All conversations that take place within a Room are broadcasted and can be listened to by any Aisle user. Each conversation between a host and a guest lasts for 5 minutes – after that, the host can either choose to match or to pass. Both parties are also given the option to end the conversation at any time with the 'Pass' button. Rooms will be rolled out to the entire user base in Q1 2021.

See full article at BusinessWorld

See the top news on Aisle

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How Blued Blazed Trail to US Stock Market

Posted on October 17, 2020

Blued logoNIKKEI ASIA – Oct 16 – The Founder of Blued was police officer by day and online activist by night. Ma Baoli built a business that runs from livestreaming to health care and family planning and made to the U.S. stock market. In July, Blued's parent company, Beijing-based BlueCity Holdings, raised $84.8m in its Nasdaq IPO. Ma founded BlueCity in his Beijing apartment. It is not illegal to be gay in China, but homosexuality was considered a mental disorder until 2001. Ma poured 50k yuan ($7,400), his savings, into building Blued which went viral with 500k users the following year. In 2020 the market valuation is $335m and has DCM Ventures, Xiaomi's investment arm Shunwei Capital and Hong Kong property group New World Development as backers, and has 500 employees. Zank was Blued's chief competitor and was shut down by Chinese regulators in 2017. Lesbian dating app, Rela, was temporarily removed from the Android and Apple app stores in 2017 to undergo an "important adjustment in services."

The global LGBTQ community spent $261B online in 2018, and is expected to double by 2023, according to Frost & Sullivan. BlueCity remains unprofitable reporting a net loss of 3.3m yuan in Q2 2020. Shares trade 40% below their IPO price. BlueCity has piggybacked on the rise of online celebrities, generating 210m yuan, 85% of its revenue, in Q2 2020.

by Coco Liu
See full article at Nikkei Asia

See the top news on Blued

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Bumble Introduces Three New Filters in India

Posted on October 13, 2020

Bumble india filtersHINDUSTAN TIMES – Oct 13 – The three new filters include virtual, socially-distanced and socially-distanced with masks. The company says that the new badges will give the Bumble community the opportunity to skip the potentially awkward conversation about how they are comfortable dating post lockdown, and what kind of dates they would like to go on. Bumble also cited a recent study wherein it found out that 78% of its users would be perfectly happy to meet up in person.

See full article at Hindustan Times

See the top news on Bumble

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