Dating Industry In India

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The online dating industry in India amounted to βΉ434 crores ($62 million) in revenues last year . And the same is expected to grow at 5 .7 per cent per annum till 2023, which will result in βΉ539 crores ($77 million) in revenues in 2023 .
India : Revenue in the Online Dating segment is projected to reach US$536m in 2021 .
The online dating industry in India is worth over βΉ2,394 crore ($323 million), and the country is the third-largest revenue generator, after the US and China .
According to online global data aggregator Statista .com, the online dating segment's turnover in India is expected to reach $783 million by 2024 from $454 million in 2021, making the country the . . .
In north India , Tinder was the most popular choice with a share of 31 percent, whereas Woo was the preferred dating application for south Indians at 16 percent .
Online Dating Market The current size of the online dating market in India is around USD 130 million . By 2015, it is estimated to rise to USD 206 million, representing a CAGR of 16 percent .
India's online dating industry is estimated at $7 million (Rs52 crore) currently and its revenue is expected to grow at 10 .5% annually till 2023, according to online statistics and market . . .
Tinder, for instance, is the third largest grossing app on Android in India , with industry estimates placing its monthly revenues anywhere between Rs 1-2 crore . That said, the best may well be yet to come, say some founders, especially with the surge in language-first internet users expected over the next few years .
As of 2018 2 .7% of people in India used a online dating service . This tripled the amount over 2017 . In 5 years (2023) it is expected to rise to 3 .2% . The market value of the online dating industry in the next 5 to 8 years is expected to be $100 million USD . The majority of users are 24 years and younger (which is half of India's population) .
The biggest player in the online dating game, the Match Group, dominates 25% of the market share . The second largest competitor is eHarmony, with just under 12% . Match Group actually comprises 45 brands, including big names such as Match .com, OkCupid, and Tinder . The Online Dating Industry Business Model .
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