Dating app startup Paktor gets undisclosed funding from Indonesia’s MNC Media
By Digital News Asia March 9, 2016
- Part of a larger funding round it is currently closing
- Claims to have got 2mil users in Indonesia in last 10mths
SINGAPORE-based dating app startup Paktor Pte Ltd said that Indonesian media conglomerate MNC Media Group has invested an undisclosed amount in it, part of a larger investment round Paktor is currently closing.
Prior to this round, Paktor had received US$12 million of funding.
Proceeds from the MNC investment will be used to support Paktor’s growth in Indonesia, where it claims to have amassed two million users in the last 10 months.
In addition, the tie-up will allow Paktor to tap into the media assets of MNC, the largest free-to-air operator in Indonesia, Paktor said in a statement.
“We’ve followed Paktor’s progress closely since it launched in Indonesia in 2015,” said MNC Media Group director and Tencent MNC chief executive officer David Fernando Audy.
“We are impressed by the growth it has experienced in such a short period of time. MNC is keen to support Paktor’s growth in the region,” he added.
Paktor also claimed that it has over seven million registered users and records 15 million matches a month across its markets in South-East Asia and Taiwan.
“Paktor’s focus on monetisation in 2015 paid off handsomely, with app revenue growing over 100 times in the year, and we expect to achieve group revenue in the eight-figure range (US$) in 2016,” declared Paktor cofounder and chief executive officer Joseph Phua.
Paktor is available for users to download and use for free, and they may purchase optional in-app membership subscription packages to unlock premium features, including the ability to send virtual gifts to other users.
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