Flutrr, India's first vernacular dating app, has secured INR 4 crore in funding led by The Chennai Angels to expand its user base and enhance profitability.
Target Information
Flutrr, renowned as India's first vernacular dating app, has successfully raised INR 4 crore in a funding round led by The Chennai Angels. This round also witnessed participation from notable investors, such as The Times of India and individual investors including Vivek Singh, Adhiraj Sarin, and Ramki Ravulpalli, among several others. Flutrr aims to utilize this capital infusion to significantly expand its user base to 5 million and generate a monthly revenue target of Rs. 100 lakhs, thereby establishing itself as a highly profitable enterprise.
Industry Overview in India
Small-town India, often referred to as 'Bharat,' is home to approximately 500 million youth, many of whom face language barriers due to a lack of English fluency. However, the advent of the 'JIO Effect' has enabled affordable internet access to the farthest reaches of the nation, creating a more equitable digital landscape. Flutrr leads this transformation by offering a dating platform in 16 Indian languages, allowing young individuals to connect with potential partners in their native tongues.
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Flutrr's business model is a direct response to the evolving socio-cultural dynamics in India, where traditional dating practices often prevail. This app empowers users to engage with technology on their own terms while m
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Disclosed details
Transaction Size: $0M
Revenue: $1M