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23-Feb-2015 02:46

Despite the immature market, there was a lot of interest from consumers and according to a Paktor newsletter, there were 250000 matches in the first 2 weeks of 2014 making Paktor the #1 social networking app for singles in Asia.This round was led by Vertex Venture, a subsidiary of Singapore’s Temasek Holdings.The startup secured another US million in a venture round with its sights set on expansion in Japan and South Korea.YJ Capital — the corporate venture firm belonging to Yahoo Capital — led the round, which included participation from fellow new investors Global Grand Leisure, Golden Equator Capital and Sebrina Holdings, as well as existing backers Vertex Ventures (which belongs to Singapore sovereign wealth fund Temasek) MNC Media Group, Majuven and Convergence Ventures. As of September 2016, an estimated 12 million people in Southeast Asia use the app every month, with an average of 20 million matches per month and over 5 billion swipes to date.Paktor is a location-based dating and networking mobile application that connects mutually interested users and allows them to chat individually or as a group.

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The funds were reported to be used for expansion into different territories and the introduction of new services under the Paktor group.At this time, the size of the network stood at 1.5 million registered users.