Indian dating sites revenue
A handful of entrepreneurs has realised that in the business of love, India could be where the proverbial rainbow touches the ground.There is no data on the online dating business in India , but globally, it is worth billion (Rs 22,184 crore).Aspiring entrepreneurs often approach me as an angel investor, touting their innovative idea for yet another online dating site.I agree the need is out there, with over 91 million interested singles between the age of 19 and 45 around the world.According to statistics, there are more than 5,000 dating sites worldwide with 1,000 new ones appearing every year.If you check your market on Google and find numbers like these, I suggest you look for another opportunity where the number of competitors you can find is less than 10.For starters, 40 percent of frequent site users are already married.
Dating sites are tagged as having historically high failure rates and a hint of business hustle, so they are avoided by professional investors.
But, she adds, there is no reason why India, with a younger population, won't surpass China."The US, a more mature market, sees growth of ...
12 to 15 per cent, so India could easily see growth rates upwards of 15 to 20 per cent for the next few years." The story of (formerly Ignighter.com), illustrates the potential of the online dating business in India.
Many business opportunities, like this one, need thousands or millions of existing users before new users and advertisers are interested to pay real money.
Thus, the investment in time and money required before payback is huge.