KJ Singh
๐ค SpeakerAppearances Over Time
Podcast Appearances
She's at the time was 28.
She's a doctor.
Good looking girl.
She never really had time to go out and date.
And, uh, one of the things that's really, um, relevant to South Asian industry, it's South Asian market is that 90% over 90% of South Asians marry and date within their community.
And I kind of realized how much pain she was in and then kind of did more research and realized that a lot of my cousins and a lot of other families that were actually suitable, you know, people that were looking for potential matches, they weren't able to find somebody that easily because the traditional model of arranged marriages had broken in today's society.
And so I did more research and we realized this was a much bigger problem at a global scale, not only in the expat communities where you have immigrant South Asians, second generation South Asians, but also within India itself, because the newer generation, their mindset was really changing, but the avenues of finding somebody for a high value long-term relationship that leads to marriage didn't exist.
Interesting.
So we've raised capital.
We just closed our second round last month.
And May 2015, we raised $1.1 million.
Last month, we just closed another $2.7 million.
So in total, we raised $3.8 million.
So they were using this instrument called a safe.
So they were commodal instruments.
So they were not price rounds.
I think it is an entrepreneur's best interest to kind of
and do not until you can really kind of get a price where you, you know, where you think it's valuable for your shareholders.
I think, you know, for the foreseeable future, we probably won't be doing another price.
I'm sorry, we won't be doing another safe or comparable.