TrulyMadly raises Rs 16 cr funding
Dating app TrulyMadly on Tuesday said it has raised Rs 16 crore ($2.1 million) in funding from Venture Catalysts, 9 Unicorns, Paytm founder Vijay Shekhar Sharma and others.
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New Delh: Dating app TrulyMadly on Tuesday said it has raised Rs 16 crore ($2.1 million) in funding from Venture Catalysts, 9 Unicorns, Paytm founder Vijay Shekhar Sharma and others.
Early stage investor advisor Jana K Balan, Neil Bahal from Negen Capital, angel investor Ruchi Sihare and existing investors - Inflection Point Ventures, The Chennai Angels and AngelList also participated in the pre-series A round, a statement said. Paytm founder Vijay Shekhar Sharma, InMobi co-founders Abhay Singhal and Piyush Shah, Nodwin Gaming founder Akshat Rathee and Dr Vaidya's founder and CEO Arjun Vaidya also joined the round, it added.
TrulyMadly will deploy the capital to build new product offerings, expand to new geographies and boost its technology by leveraging Artificial Intelligence (AI) powered platform features and Machine Learning (ML) algorithms, it said.
The fund raise follows an overall revenue growth by 4X, and a 10X growth being registered from tier-II and III cities like Bhubaneswar, Gwalior, Kanpur, Patna, Rajkot, Varanasi and Vijayawada. Registered as Crescere Technologies, TrulyMadly was set up in 2018, by Snehil Khanor and Amit Gupta.
