What is Truly Madly?
Established in 2014 and headquartered in New Delhi, India, TrulyMadly operates as a dating platform designed to connect individuals seeking relationships. In a market increasingly dominated by digital interactions, TrulyMadly aims to provide a secure and engaging environment for users. The company's strategic capital injections, including its recent major investment, signal a strong investor confidence in its business model and its potential to capture a larger share of the burgeoning online matchmaking industry. The company's journey from its inception to its current enterprise-level funding reflects a consistent trajectory of development and market penetration.
How much funding has Truly Madly raised?
Truly Madly has raised a total of $8.9M across 3 funding rounds:
Series A
$5.7M
Other Financing Round
$1.1M
Angel/Seed
$2.1M
Series A (2015): $5.7M with participation from KAE Capital and Helion Venture
Other Financing Round (2020): $1.1M led by Haptik, AirBnB, The Chennai Angels, Unacademy, Angelist, Inflection Point Ventures, and Innov8
Angel/Seed (2021): $2.1M supported by 9Unicorns, The Chennai Angels, Inflection Point Ventures, and Venture Catalysts Uttar Pradesh
Key Investors in Truly Madly
The Chennai Angels
The Chennai Angels (TCA) is an angel investment group in India, comprising over 140 individual, corporate, and institutional members dedicated to funding early-stage startups. In addition to providing capital, TCA members offer mentorship and valuable insights to entrepreneurs, helping them navigate the fundraising process and connect with potential customers and partners.
Inflection Point Ventures
Inflection Ventures invests in founder-driven, technology product companies that aim to change their industries and maybe even the world.
9Unicorns
100 Unicorns is an accelerator program dedicated to transforming and accelerating early-stage companies into successful ventures. It provides support beyond capital, including mentorship from experienced founders, strategic guidance, and access to a vast network of global investors and industry leaders.
What's next for Truly Madly?
With the infusion of major enterprise-level funding and a recent strategic investment, TrulyMadly is poised for accelerated growth. The company is likely to leverage this capital to enhance its technological infrastructure, expand its user base both domestically and potentially internationally, and refine its user experience. Strategic partnerships and innovative marketing campaigns can be anticipated as the company seeks to solidify its market leadership. Further development of unique features that differentiate TrulyMadly from competitors will be crucial for sustained success in the dynamic dating app ecosystem. The company's focus will likely remain on building a robust and trusted platform for Indian singles.
See full Truly Madly company page
