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Stuck at home, glued to their televisions and mobile phones, devoid of any social interactions and outings during a nationwide lockdown, many have also had to bear the brunt of dwindling finances. In July alone, nearly 5 million salaried people lost their jobs, according to the Centre for Monitoring Indian Economy, taking the total number of job losses since March, when India imposed the lockdown, to But, if anything, that sense of despair never came in their way of scouting for potential relationships.
India currently has about 18 million users across online dating platforms, according to Statista, a market research firm. Then, there were others such as Ankita name changed , single and straight out of college amid a pandemic, who was struggling to find a job in an economy that is likely to register negative growth in the current financial year. The company defines a sugar-baby as someone who knows their value and refuses to settle, especially in their relationships.
A sugar-daddy, on the other hand, is an older man who enjoys supporting his partner, according to the company. Put quite simply, sugar-daddies or sugar-mommas are looking for a sugar-baby to enter into a relationship, where the terms are clearly laid out, and in many cases involve payment in return for a favour. The latter could range from being a confidante, a mentee or in exchange for sex.
Ankita, for instance, met year-old Nikhil name changed , a Mumbai-based vice president at a multinational corporation, who recently quit his company to launch his own business. So far, the company has built a user base of 75, members in India, which it intends to double by next year. Their revenue is purely subscription-based. New Delhi has more than 3, sugar-babies and 13, sugar-daddies, while Hyderabad has over 11, sugar-daddies and 1, sugar-babies.
This story appears in the 11 September, issue of Forbes India.
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