FRND raises $6.5M
FRND, a Bengaluru-based audio romance and friend discovery startup, has raised $6.5 million in a Series A funding round led by Battlegrounds Mobile India (BGMI) creator KRAFTON. Existing investors India Quotient and Elevation Capital also participated in the round.
FRND is a dating app that allows users to connect with each other through live-streamed FRND dating and audio games such as Raja Rani Chor Police, Voice Match, and many other games with a focus on creating one-on-one connections. It was founded in 2019 by IIT Kanpur alumni Bhanu Pratap Singh Tanwar, Hardik Bansal, and Harshvardhan Chhangani.
Its users can connect via audio in a pseudo-anonymous manner and start conversations through a matchmaker. The matchmaker-led game and chat rooms on the platforms come with certain moderation systems designed at connecting people through safe yet engaging conversations.
Bhanu Pratap Singh Tanwar, CEO and Co-founder of FRND, said “There is a huge untapped opportunity in the Indian romance market where youngsters connect and interact with the opposite gender over the internet. We have been working to provide a safer platform to the Indian youth, especially girls. The security features and state-of-the-art algorithms make FRND just the perfect app for these next billion users to have a unique experience in a controlled way.”
He further added, “We are thrilled to have received funds from KRAFTON, Inc. With these funds, we are looking at growing FRND from the current 10 Indian languages, strengthening our technology ecosystem and growing our footprint both within India and internationally.”
FRND is currently available on Google Play Store and has over five million registered users, with an average user spending approximately 25 minutes each day using the app
This investment is aligned with our efforts to intensify our commitment to the startup ecosystem in India. FRND is a unique product that is disrupting an entire category with a unique local solution that global companies will find tough to adapt to. We see great potential in this high-volume transaction digital startup and are happy to invest in its growth story. We are driven to make a difference to the digital ecosystem in this country and will continue exploring more such opportunities where we can back young and growing start-ups. Commented by, Sean Hyunil Sohn, Head of India Division at KRAFTON, Inc, in a press release.
This is the fourth investment done by Krafton Inc in the Indian startup ecosystem. Earlier, in March this year, it had made a minority investment of $22.5 million in NODWIN Gaming. In June 2021, the company invested seed funding worth $9 million in the gaming live streaming platform Loco, together with other investors.
FRND appears to motivate people to look and feel their best. I am confident about the company’s future success. I give my best wishes for the staff of FRND.Shishir Gupta, Founder and CEO of Startuplanes
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