JAKARTA — Indonesia is changing into an important battleground for dating apps, compliment of its large population of young online users plus the possibility of growth. Local startups such as for example Wavoo and Setipe are facing off against foreign apps like Gather and Tinder through the U.S., Spotted from Germany and Singapore’s Paktor, all of these are targeting the Indonesian market.
In accordance with the Association of Internet Service Providers in Indonesia, the country has roughly 100 million internet users, a 40% penetration rate of the population of approximately 250 million. Indonesia even offers 65.2 million smartphone users, a figure this is certainly projected to develop to 92 million by 2019, in accordance with research firm eMarketer.
Executives at dating app startups plus some investors are bullish in regards to the prospects when it comes to industry, by which they see a vast potential market.
Domex Mandey, CEO of Wavoo, estimates there are many than 35 million Indonesian internet surfers within the 18-to-32-year-old age group — the principal target for online dating sites players. And Setipe CEO Razi Thalib said of this 35 million, there is an overall total addressable market of 27 million singles who will ukrainian mail brides be online.
Adrian Li, managing partner at investment capital firm Convergence Ventures in Jakarta, said, “them are single, which is 50 million singles. When we assume 40% of Indonesia’s total population is at the 18-to-35 range, and 50% of” Li, whose firm is an investor in Paktor, estimates that the industry in Indonesia will eventually be worth between $500 million to $1 billion in annual revenue.
Other capital raising firms are more cautious.
Andrias Ekoyuono, vice president of business development at Jakarta based Ideosource, said that most Indonesians will not need specific apps for dating or making acquaintances that are new. “Unlike into the U.S.