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Online and mobile dating application TrulyMadly has raised Rs 35 crore from Helion Venture Partners and Kae Capital in its first ever funding round. TrulyMadly has been started by several serial entrepreneur, including Sachin Bhatia, who had also co-founded MakeMyTrip.
The other co-founder in the company is Hitesh Dhingra, who sold his earlier venture Letsbuy.com to Flipkart in 2012 reported for a sum of $25 million. The third co-founder in the company is Rahul Kumar, who has earlier been associated with Expedia, Oracle, and MakeMyTrip.
Launched in August 2014, Delhi-based TrulyMadly allows individuals to discover partners through shared interests and personality matches. The company has been witnessing 100% month-on-month growth in the number of downloads. Truly Madly has been downloaded more than 2,00,000 times on the Google Play Store.
"The Indian society is fast transforming and online dating is increasingly becoming acceptable," Ritesh Banglani of Helion Venture Partners said.
"TrulyMadly is rightly positioned to ride the online dating boom. When we saw the engagement metrics that the team has managed month on month, we were convinced they were on to something big and that we had to be part of this story."
