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Meet people of your nationality for serious relationships

Russia, Moscow city
Market: Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 15.03.2019
Min investment
$  50.000
Total required
$ 500.000
Rating
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Idea

"MarryMe" is a mobile application focused on matching people for serious relationships based on preferences in nationality, religion, social status, education, physical appearance, age and country. The best partner fit is guaranteed by the smart search enforced by the artificial intelligence.

Current Status

Our online dating platform has been launched in December 2018
Userbase as of 1st of March 2019 - 6,358
We started monetisation 1.5 months ago
Average monthly subscription fee - $ 30
The platform is not able to support that many users and it becomes more and more complicated to manage them using a simple CRM

Market

Number of single online users globally (2018) - 600 M
Number of online single users globally (2020) - 700 M

Revenue in the Online Dating segment (2018) - $ 8 bn
Revenue in the Online Dating segment (2020) - $ 20 bn

Problem or Opportunity

We have picked an idea to create a platform for people to meet their peers for serious relationships because we have a lot of friends who are single and can't find a couple on the currently existing dating Apps. Firstly, we matched our friends, then they brought their friends and that's how we started growing. The original idea was to match Western men with the Russian speaking women as they consider them as better wifes in general. Then we expanded it to the Middle East as muslims have strict requirements for the future spouse in terms of nationality, religion, social status, education, age and profession and our service was quite helpful in this sense. The project kept growing and reached 6358 users on the platform by March 2019. And at this point we started having problems with the quantity that our platform can't support. Apart from it, it is convenience-wise to transform the platform into an App to make it even easier for people to meet each other.

Solution (product or service)

We want to create a mobile App where people can find the best life partner based on nationality, religion, social status, education, age and profession.

We understand that when people live abroad they still try to build long-lasting relationships with someone of their culture, nationality and religion. In this case, it most likely end up with the marriage. And there are always specific requirements (country, nationality, religion, profession, education and physical appearance) for the partner if people seek life-long relationships. Our smart search, reinforced by the Artificial Intelligence, will do the job for the users and suggest the best fit for them based on appearance of similarity compilation, common interests and culture.

Competitors

Tinder, Match.com, eHarmony, Badoo, Parship.

Advantages or differentiators

We are not the first ones on the dating market but there are non of the currently existing Apps that offer filters by nationality, religion, social status, profession and education. We have combined the best features of the current Apps and introduced our unique features such as:
- photo verification
- automatic deletion of an unanswered message, 24 hours after reading
- appearance of similarity compilation (done by AI)
- communication limit - 6 messages
- automatic deletion of an unanswered message, 24 hours after reading
- built-in translator
- ability to change application icon
- gift selection
- video presentation
- the call from the robot

We understand that when people live abroad they still try to build long-lasting relationships with someone of their culture, nationality and religion. In this case, it most likely end up with the marriage. And there are always specific requirements (country, nationality, religion, profession, education and physical appearance) for the partner if people seek life-long relationships. Our smart search, reinforced by the Artificial Intelligence, will do the job for the users and suggest the best fit for them based on appearance of similarity compilation, common interests and culture.

Finance

PRELIMINARY COMPANY VALUATION - $ 25 M

WE ARE LOOKING TO RAISE UP TO $450 000 IN THE FIRST ROUND TO COVER THE CASH GAP FOR THE FIRST 6 MONTHS

FUNDS WILL BE USED FOR: FINISHING APPLICATION DEVELOPMENT, MARKETING, PR, PROMO-VIDEO, SALARIES

IN THE FIRST 3 MONTHS WE PLAN TO REACH 150’000 USERS AND GROW 100% EVERY 2 MONTHS

IN 6 MONTHS MAU 0,5-1 M AND FOR THE SECOND ROUND WE WILL RAISE $5,5-8,5 M WITH A COMPANY CAPITALIZATION OF $55-85 M

IN 12 MONTHS MAU 10-15 M WITH A COMPANY CAPITALIZATION OF $120-180 M


Business model

B2B and B2C

Money will be spent on

FUNDS WILL BE USED FOR:

Finishing application development
Marketing
PR
Promo-video
Salaries
Travel

Offer for investor

WE ARE LOOKING TO RAISE UP TO $450 000 FOR 15% OF THE COMPANY SHARES IN THE FIRST ROUND TO COVER THE CASH GAP FOR THE FIRST 6 MONTHS

Team or Management

Risks

Risks are down to minimum as we already have a userbase of 6358 people who can be our first App users.

Main risk is a quite high churn rate as the our smart search engine will match people very fast due to artificial intelligence.

Incubation/Acceleration programs accomplishment

No

Won the competition and other awards

No
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
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