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“So going forward, I think, the sector will take off and see a fast growth.” As is true for most technology businesses, the entry barriers are low.

Moreover, dating websites worldwide is a highly monetised business—with revenues coming in from advertisements to paid premium services.

“At some point next year, I would expect us to be revenue positive.” Technopak’s Singh, however, said that the growth of these apps may be low in smaller cities and towns—and that will reflect in the companies’ valuations.

“Investors who are betting on this segment will understand the challenges that these companies face and so the realistic valuations of these companies will be much lower,” she said.

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In July, i Crushi Flush had raised an undisclosed amount in seed funding from IDG Ventures in July.

Two years on, India is Tinder’s top market in Asia, the company’s spokesperson Evan Bonnstetter told Quartz.

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