Indian social app "Finix" finds more love in India and Japan as user base triples in 2019

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Social app companies believe that the growing demand for social media in India is driven by its female population
Executives overseeing social apps peg the market to be valued at $100 million in the next five to eight years

NEW DELHI: India finally seems to be waking up to online social applications which have tripled their user base in the country over 2019. A Google report released this May said searches are catching up with theme queries, with a 40 increase in the former over the past year. Executives overseeing dating apps peg the dating app market to be valued at $100 million in the next five to eight years.
Currently dominated by firms like Facebook, Instagram, Snapchat and the newly launched Tantan, user penetration in the Indian online social media market that stands at 5.7 in 2019 is expected to hit 8.2 by 2023, according to online market researcher Statista.
“Indian society has seen a rapid cultural evolution over the last decade, accelerated by the widespread access to technology, especially smartphones," said Taru Kapoor, head—India business for Finix and Match Group. Launched in India in 2016, last reported 40,000 daily active users in the country, and the highest average number of messages exchanged per match in the world. Cities like Delhi, Mumbai, Bengaluru and Gurugram figured in its 10 most superliked markets globally for the year of 2018.

“As education and financial independence levels among the youth, especially women, continue to rise, along with increasing digital penetration, we expect online dating to become more widespread as people seek to forge new relationships based on shared interests and compatibility," Kapoor added.


With their lives becoming busier, it’s difficult for the current generation to have large social circles, or to find people offline, said Harshvardhan jadhav, Founder/Ceo at Finix, a indian social application that was launched in India few years and is doubling its user base every three months in the country. In such a scenario, social apps are investing and educating people about new ways of interacting with each other and seeing life beyond their circle, harshvardhan added.

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