Paktor Raises More Funding As Revenue Grows By 100x
Leading Southeast Asia dating app Paktor has just raised another significant round of funding from an Indonesian media conglomerate.
Paktor secured the undisclosed funding from MNC Group as part of a larger investment round the company is currently closing.
This latest round comes as Paktor announces it has seen a 100x revenue growth year-on-year for 2015.
And the proceeds will go towards supporting Paktor’s growth in Indonesia, where the brand amassed 2m users in the last 10 months, becoming the largest regional dating player in the country.
The partnership also enables Paktor to tap into MNC’s media assets – the conglomerate being the largest free to air operator in Indonesia.
The Director of MNC Media Group and CEO of Tencent MNC, David Fernando Audy, said: “We’ve followed Paktor’s progress closely since they launched in Indonesia in 2015. We are impressed by the growth they’ve experienced in such a short period of time.”
Paktor currently has over 7m registered users and creates 15m matches a month.
And according to App Annie, the startup has the first and second top grossing app spots in the iOS & Android stores for Taiwan, respectively.
Joseph Phua, CEO and co-founder of Paktor, said: “Paktor’s focus on monetization 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.
“Take Taiwan for example: we’re just behind Line app as the top grossing app in the category, and ahead of all other dating industry players.
“With MNC’s support, I believe we can do the same in Indonesia, and further strengthen our position and leadership in the region.”
Earlier this year, Paktor launched a new programme that guarantees its users an offline date, if they follow a number of set guidelines.
Users who have paid for a three month subscription can now opt-in to the Paktor Guarantee Programme (PGP), designed to give them confidence that Paktor is dedicated to helping them find physical dates.
The company also hired Asia PR Werkz as its public relations firm, having last year hired two former Meetic executives to help spearhead its international expansion.
Read more about the guarantee program here.
