Paktor Receives Strategic Investment from
MNC Media Group (Indonesia)
- Undisclosed investment amount from Indonesian media conglomerate MNC Group as part of larger investment round
- Aggressive growth in mobile app usage to 7 million users in SEA and Taiwan
- Beat 2015 revenue estimates with over 100 times year-on-year revenue growth
- Unlocked new milestone as top grossing dating player in the region
SINGAPORE, 8 March 2016 – Paktor Pte Ltd (‘Paktor’), announced that Indonesian media conglomerate, MNC Media Group, has invested an undisclosed amount, as part of a larger investment round Paktor is currently closing, in the Singapore-based social dating brand.
Proceeds will be used to support Paktor's growth in Indonesia, where Paktor amassed 2 million users in the last 10 months to become the largest regional dating player in the country. In addition, the tie-up will allow Paktor to tap into MNC's media assets which spans the whole archipelago - MNC is the largest free to air operator in Indonesia with media assets across multiple media classes.
Since its launch in 2013, Paktor has seen and continues to see aggressive growth as the industry leader in the dating scene for Southeast Asia and Taiwan, with over 7 million registered users and 15 million matches a month. In 2015, Paktor grew leaps and bounds, currently the top grossing dating player in the region and the top grossing developer based out of Singapore.
David Fernando Audy, Director of MNC Media Group and CEO of Tencent MNC, said, "We've followed Paktor's progress closely since they launched in Indonesia in 2015. We are impressed by the growth they've experienced in such a short period of time. MNC is keen to support Paktor's growth in the region."
Joseph Phua, CEO and Co-Founder of Paktor, said, "Paktor’s focus on monetization in 2015 paid off handsomely, with app revenue growing over 100 times in the year, and we expect to achieve group revenue in the 8 figure range (US$) in 2016. Take Taiwan for example: We’re just behind Line app as the top grossing app in category, and ahead of all other dating industry players. With MNC's support, I believe we can do the same in Indonesia, and further strengthen our position and leadership in the region".
According to App Annie Index, Paktor raced up the App Store revenue charts to grab second spot in category in Taiwan, since August 2015. The app also performed exceptionally well on iOS, surging to first place in category on Apple Store Taiwan. The Top Grossing App sections of the App Store and Google Play Store showcase the current leading apps in terms of revenue earned, effectively tracking customer purchases in real time.
Though Paktor is available for users to download and use for free, users may purchase optional in-app membership subscription packages to unlock premium features; the introduction of various popular premium features, including the ability to send virtual gifts to other users, have led to Paktor’s quick rise in the stores’ grossing ranks.
Prior to this round, Paktor received US$12 million of funding.
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