CIO Angel Network Backs Member Only Dating App Aisle
Summary
Commenting on the investment, Sanjay Mehta, lead investor, CIO Angel Network said, “Indian millennials are focusing on personalised details, lifestyle, and increasingly going mobile for engagement with their future partner. The startup claims to have onboard celebrities such as standup comedians, ad film actors, models, yoga instructors, entrepreneurs, chefs, musicians etc. Able Joseph, founder and CEO, Aisle said, “Online matchmaking in India is a gender, age, proximity, faith, and mother tongue-based business. Prior to that, Mumbai-based People Group, which owns matrimonial website Shaadi.com, bought about 25% stake in Delhi-based dating app maker Thrill in a cash-and-stock deal valued at close to about $1 Mn. In December 2016, Delhi-based software company Wixty Inc acquired Kingr, a dating app designed for Brazil-based Christians for $150K in an all-cash deal.