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“So going forward, I think, the sector will take off and see a fast growth.” As is true for most technology businesses, the entry barriers are low.Moreover, dating websites worldwide is a highly monetised business—with revenues coming in from advertisements to paid premium services.This year has already seen several other dating apps raise funds.In July, i Crushi Flush had raised an undisclosed amount in seed funding from IDG Ventures in July.“Much like how Flipkart singularly focused on customer service, newer dating apps are working towards the right product market fit, verified profiles, ensuring that no married men got on the app, assuring women of safety and security,” Sachin Bhatia, co-founder of Truly Madly, another popular dating app, told Quartz.

“Investors who are betting on this segment will understand the challenges that these companies face and so the realistic valuations of these companies will be much lower,” she said.

Floh allows people to subscribe to the platform, meet prospective partners online, as well as offline at events organised exclusively for members.

In the last few months, dating apps have started spending a lot of money on TV—similar to the kind of marketing storm that was unleashed by e-commerce firms in the last few years.

Shakul Gupta, whose bio once said "entrepreneur with an Audi A4", made a Facebook post on February 11 and promised women who agree to be his Valentine a dinner date at Gurgaon's Oberoi hotel, a brand new i Phone 7 of the person's choice and "memorable moments".

Finally on February 16, he went to the Oberoi with his five dates and posted a photo with them and five i Phones.




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