India

Dating app Bumble has launched Healthy Queer Dating Guide for its users to promote kindness and encourage an inclusive dating experience on the app.

The Guide covers a range of relevant topics, including how to start an online conversation with someone new when you are feeling nervous, and how to set clear boundaries when you connect. According to Hindustan Times, the Guide also offers advice for how to communicate that a match has misgendered you in the early stages of dating.

First date advice (and navigating to a second date), kindness in conversations, and how to approach dating when you prioritize your own emotional needs are included among other topics, according to Indulge Express. The Guide also offers important advice on how to deal with rejection, something every dater experiences.

According to a recent study conducted by dating app Bumble, seventy-four percent of singles in India believe it is important to have similar tastes in music as their partner.

The study also found that 91 percent, a vast majority of Indians surveyed, feel that music helps build a strong connection and 89 percent think that someone who has the same taste in music as them makes them more attractive, according to Indulge Express.

Bumble offers interest tags specifically for music that users can add to their profiles to interest potential matches, or at least get a conversation started.

New research shows that the global dating market is still growing, and is expected to surpass US $12.8 billion by the year 2032. Currently, the market is at US $7.3 billion.

Most of the CAGR (compound annual growth rate) will come from the Asia-Pacific market, where there is the largest young population. In fact, this region has 2 billion active internet users, accounting for 49 percent of the total population. India, Japan and China are seeing the most growth, especially with technology advancements and AI-driven matchmaking and dating services attracting younger users.

However in 2022, North America still brought in the most revenue share at 39 percent, followed by Europe at 25 percent, according to Yahoo! Finance.

Image: Match Group

Match Group has appointed former Plenty of Fish CEO Malgosia Green as CEO of Match Group Asia, who will now be based in Singapore. The company has said it will be targeting the growing Asian market in the coming months as well as focusing on AI development, and a huge step forward is having an executive in the region.

Green was appointed by Match Group CEO Bernard Kim, who has been under fire from shareholders about the fourth quarter revenue decline because of poor product rollouts from Tinder. He has named four main points of growth for the company, one of which is focusing on the Asian market.

In an interview with Fast Company, Green said: “Given the huge potential of the region, and how large it is . . . it made a lot more sense to have someone specifically dedicated to Asia itself, and to be based in the region.”

India is now among the fastest-growing dating app markets worldwide, thanks to a growing young population of singles and their changing attitudes towards dating.

In terms of year-over-year growth, India emerged as the fifth largest market in dating app spending in 2022, according to a new study by data.ai Intelligence. Researchers found that Indian users spent $31 million more in 2022 than they did in 2021 despite economic factors like inflation that affect consumer spending.

Match Group, Bumble, and other major dating app companies have made a big investment in India, hoping to capitalize on this attractive market which now brings in millions of dollars in revenue each year to dating app companies.

Match Group, parent company of popular dating app Tinder, is in talks to purchase a strategic stake in Shaadi, an India-based online matchmaking service.

The Economic Times first reported that the two companies were in talks, and that Match Group was looking to buy out Shaadi’s institutional stakeholders, but few details have emerged.

According to Ink 42, this latest development comes after Match Group has refocused its efforts and brought on a new executive team to run Tinder, which last year saw its first quarter of revenue decline since the company went public. Match Group has set its sights on the fast-growing Asian market, especially India and its large under-30 market.