e27 - Lunch Actually bags 7-digit funding from Fatfish and publisher of mixi
The Singapore-based premium dating platform plans to ramp up presence in existing markets as well as expand to one new market
Singapore-based dating services provider Lunch Actually has raised an undisclosed 7-digit Series A round from Japanese social media network and publisher of mobile game Monster Strike mixi; and ASX-listed Singapore-based VC Fatfish.
The newly-raised capital will be used to increase its presence in existing markets — Singapore, Malaysia, Thailand and Indonesia — as well as expand to one new market in Asia. In addition, it will be ramping up marketing and hiring efforts.
First established in 2004, Lunch Actually operates a suite of dating services including its bread-and-butter dating consultation service, online matchmaking platform esync, and dating app LunchClick.
It made two acquisitions in the past two years including dating app Love Out Loud Asia (LOLA) and Thailand matchmaking company MeetNLunch.
Lunch Actually claims to have more than half a million users and a five-fold revenue growth since 2011.
Despite its optimistic outlook, the dating company attracted controversy in the online community over claims of poor customer services and hard-sell tactics.
Lunch Actually, however, vehemently defended itself in an exhaustive article on Vulcan Post.
9 September 2016