Delhi-Based Startup Trulymadly Raises Rs 8.1 Cr in Pre-Series A Round

Delhi-Based Startup Trulymadly Raises Rs 8.1 Cr in Pre-Series A Round

TrulyMadly Matchmakers Pvt Ltd, the parent company of dating app TrulyMadly, on Monday said it has raised a Pre-Series A funding round of Rs 8.1 crore via AngelList, Inflection Point Ventures, and The Chennai Angels.

Some of India’s leading entrepreneurs and CXOs from startups like Unacademy, Haptik, Innov8, AirBnB, and Times Internet invested in this round. TrulyMadly’s existing investors also participated in the round.

The New Delhi-based startup said it will use the funds to scale up its team size and operations and also enhance its technology.

Launched in 2014, TrulyMadly had in 2019 elevated Snehil Khanor, a founding member of the startup, as the new co-founder and CEO. Snehil earlier founded and sold FindYahan to Omidyar-backed Zimmber which was later acquired by Quikr. Amit Gupta, who earlier co-founded FellaHomes and sold it to Y combinator backed Ziffy Homes, ans joined TrulyMadly as a co-founder and CTO in April 2019.

The new team also announced a strategic shift in its target audience with a renewed focus on singles looking for serious, long-term relationships. TrulyMadly has since seen a tripling of its monthly revenues and new monthly user additions.

TrulyMadly is a dating app for mature adults, who are 25 years of age or older, and are seeking long-term and meaningful relationships. With a stringent focus on verification and security of its users and helping individuals ‘Find your Forever’ through a proprietary Compatibility Assessment Tool, the app has clicked successfully with users.

South Africa Today


Read more at VolaNews