Fika Holdings Pte. Ltd.
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Fika Holdings Pte. Ltd. - overview
Established
2020
Location
Ho Chi Minh City, -, Vietnam
Primary Industry
Internet
About
Fika Holdings Pte. Ltd. , located in Ho Chi Minh City, Vietnam, operates a platform that enhances offline dating experiences, connecting individuals meaningfully without traditional app distractions. Fika Holdings Pte.
Ltd. specializes in creating authentic offline dating experiences. The company, founded in 2020, has completed a total of 2 deals. Its Seed funding round in 2021 raised USD 1.
60 mn, led by VNV Global, contributing to a total amount raised of USD 1. 60 mn and a current company valuation of USD 8. 00 mn. The founders include Cliodhna Mheadhra, Denise Sandquist, and Saachi Jhaveri, with Denise Sandquist serving as the CEO.
Fika provides a platform that focuses on offline dating, using a compatibility test to match users with potential partners. The service encourages face-to-face interactions, prioritizing genuine connections over the typical online dating distractions. Users pay 99 SEK per date attended, with discounts available for multiple bookings, reflecting a subscription-based approach that aligns financial commitments with actual engagement. In 2021, Fika reported zero revenue with an EBITDA of -11913.
1, indicating operational costs outweighed earnings for that fiscal year. Revenue is generated through a date booking system where users are charged for each match facilitated, promoting user accountability and active participation. Fika Holdings Pte. Ltd.
has plans to diversify its offerings with new product launches and expand into additional markets. The recent funding from Reform Ventures will support these initiatives, although specific details on new products or targeted geographic expansions have not been disclosed.
Current Investors
VNV Global, Rocket Internet SE, Global Founders Capital
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Web Applications
Website
www.fikaconnects.com/
Verticals
Artificial Intelligence, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Fika Holdings Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue (USD) | 77,350,000 | 514,772,440 | - | - | - |
| % Revenue Growth (YoY) | - | 565.5% | - | - | - |
| EBITDA (USD) | (171,849,121) | (380,008,684) | - | - | - |
| Operating Income (USD) | (171,849,121) | (380,008,684) | - | - | - |
| Operating Margin | (222.2%) | (73.8%) | - | - | - |
| % EBITDA Margin | (222.2%) | (73.8%) | - | - | - |
| NET Income (USD) | (251,489,349) | (382,971,244) | - | - | - |
| % Net Margin | (325.1%) | (74.4%) | - | - | - |
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