Asian Tinder competing Paktor lands $10M to advance push that is global launches in Japan and Southern Korea
Paktor, a dating application that competitors Tinder in Southeast Asia, is pressing it self into more international areas. The Singapore-based startup simply swiped close to ten dollars million in fresh money after increasing a round of financing to grow into Japan and Southern Korea as an element of a wider push that is global.
YJ Capital — the corporate endeavor company owned by Yahoo Capital — led the round, including involvement from other brand new investors worldwide Grand Leisure, Golden Equator Capital and Sebrina Holdings, along with current backers Vertex Ventures (which belongs to Singapore sovereign wide range investment Temasek) MNC Media Group, Majuven and Convergence https://swinglifestyle.reviews/afroromance-review/ Ventures.
Paktor has raised significantly more than $22 million up to now, including a $7.4 million Series B round one year ago, which it offers utilized to grow beyond its initial, Tinder-like dating application to cover offline events and services, such as for instance team travel, rate relationship and much more. In addition it has expanded its geographies beyond a focus that is initial Southeast Asia’s six biggest nations: Singapore, Indonesia, Philippines, Malaysia, Thailand and Vietnam.
The transfer to Southern Korea and Japan are going to be aided by YJ Capital, which maintains strong links with Yahoo Japan — the joint entity from SoftBank and Yahoo that will be the country’s web portal that is largest and news business and well well worth upwards of $8.5 billion. But that’s not Paktor’s just expansion work.
It hired two previous professionals at IAC, the company that has Match.com, Tinder among others, to oversee its worldwide expansion outside of Asia. Continue reading “Asian Tinder competing Paktor lands $10M to advance push that is global launches in Japan and Southern Korea”