Bengaluru based startup FRND raises $6.5 million in Series A round of funding
- ByTejika Bajaj | December 21, 2021
The Bengaluru based audio romance and friend discovery startup FRND recently announced that it has raised a consolidated sum of $6.5 million in its Series A round of funding. The funding round was led by Battlegrounds Mobile India’s (BGMI) creator KRAFTON. The round also garnered the participation of existing investors India Quotient and Elevation Capital.
Talking about the startup and the subsequent round of funding, the CEO and Co-founder of FRND, Bhanu Pratap Singh Tanwar 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 towards providing a safer platform to the Indian youth, especially girls. The security features and state-of-the-art algorithms make FRND just the right app for these next billion users to have a unique experience in a controlled way. We are thrilled to have received funding from KRAFTON, Inc. With this funding, we are looking at growing FRND from the current 10 Indian languages, strengthening our technology ecosystem and increasing our footprint both within India and internationally.”
Founded in 2019 by IIT Kanpur alumni Bhanu Pratap Singh Tanwar, Hardik Bansal and Harshvardhan Chhangani, 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. Its users can connect via audio in a pseudo-anonymous manner and start conversations through a matchmaker.
Commenting on the investment, Sean Hyunil Sohn, Head of India Division at KRAFTON, Inc, said in a press release, “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.”
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