With just a swipe, Azar can help you meet a French lady before you visit Paris, or a university student in the U.S. studying English. With this killer feature, it took less than a year the app to achieve 13 million downloads and US$2.3 million in turnover. Launched in 2013 on GooglePlay, Hyperconnect‘s flagship app Azar has been of interest mainly in emerging markets like Southeast Asia, Latin America, and the Middle East. AppAnnie, the app analytics team, shows that Azar’s users are most commonly from Kuwait, Saudi Arabia, Turkey, Eygpt, and Israel.

Altos Ventures, the renowned VC in Silicon Valley and Korea, invested US$2 million in HyperConnect upon seeing its potential. CEO Sang-il Ahn said that the investment is solely for penetrating new markets, since wages and operations can be covered by their increasing sales. He added that about 85% of revenues come from sales of their advanced features, which lets you select specific country and gender.

Key Technologies

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com