LAW360 – FoxWayne has entered into a definitive agreement to combine with dating app Clover for $157.45M in share consideration. Clover is a dating app aimed at Gen Z and millennials with live streaming and other social features. FoxWayne brings ~$13.7M in cash into the deal.
by Danielle Ferguson
See full article at Law360
This post also appears on InternetDatingInvestments.com
PRESS RELEASE – LuvHut, a dating app founded in Boston, is acquiring Dive, an event-based platform for singles. The platform allows users to book dates directly in the app while helping partnered restaurants increase visibility and reservations from LuvHut users. To date, LuvHut has raised $460K and plans to use these funds to bolster its footprint across New England and Florida after the acquisition of Dive.
This post also appears on InternetDatingInvestments.com
OPW – Icony Ltd, a white-label dating provider for the German-speaking market, is acquiring its competitor DatingCafe.de. Dating Cafe's previous manager Marco Bollow will still support the team as a close consultant and Uwe Thomas, MD of ICONY, will take over the management. ICONY network operates ~230 dating platforms in Germany, Austria and Switzerland.
This post also appears on InternetDatingInvestments.com
OPW – A little bird told us that Match Group is about to acquire The League, a dating app that connects high-achieving individuals with one another, using a selective admissions-based model. The League was launched in 2014 by Amanda Bradford. Watch this space for updates.
See the top news on Match Group
See the top news on The League
ECONOMIC TIMES – IT company Info Edge, which owns platforms such as Naukri.com and Jeevansathi, has acquired a 76% stake in online dating company Aisle Network for Rs 91 crore ($12M). Aisle runs multiple dating platforms – Aisle, Anbe, Arike and HeyDil. Aisle had a turnover of Rs 7.56 crore ($980K) in 2020-21, the filing said.
See full article at Economic Times
This post also appears on InternetDatingInvestments.com
TECH CRUNCH – Bumble is adding the fast-growing French dating app Fruitz to its family of apps. Deal terms were not being disclosed. The quirky app Fruitz assigns a fruit to each particular kind of relationship type, ranging from those who want long-term commitments to those in search of one-night action. This allows users to filter out those who aren't on the same page as them. It also prompts users to answer questions that serve ice breakers before messaging their match. Fruitz was co-founded by Julian Kabab (CEO), Fabrice Bascoulergue (CTO), and Arnaud Ruols (CFO) and initially launched in France in Feb, 2017. To date, Fruitz has been downloaded 5.6M times globally across the App Store and Google Play, according to Sensor Tower. As of Feb. 3, 2022, the app was ranked No. 4 on the iPhone's top free charts in the "Lifestyle" category in its home market of France.
by Sarah Perez
See full article at Tech Crunch
This post also appears on InternetDatingInvestments.com
INC42 – Info Edge will be acquiring Aisle in two tranches with capital infusion of INR 75 Cr each ($10M). This will be Info Edge's first acquisition in 2022 after acquiring two HR tech startups DoSelect and Zwayam Digital in 2021. With Aisle's acquisition and already profitable Jeevansathi, Info Edge wants to double down on its matchmaking business. Founded in 2014 by Able Joseph, Aisle is an Indian dating app for people looking for a serious relationship. Aisle has acquired ~6.5M users. Aisle's total earning in FY19 was $466K, up 161% from FY18. Founded by Sanjeev Bikhchandani in 1995, Info Edge is the parent company of popular job classifieds platform – Naukri.com. The internet company also owns a matrimonial service – Jeevansathi, which was the only profitable business of Info Edge in the pandemic devastated Q1 of FY21 (April – June of 2020).
by Debarghya Sil
See full article at Inc42
This post also appears on InternetDatingInvestments.com
HUNGARY TODAY – Dating Central Europe Zrt. (DACE), the parent company of top Hungarian dating app Randivonal, and investor Russmedia Equity Partners, are expanding abroad with the acquisition of Mötesplatsen, a premium dating site based in Sweden and Norway. The company aims to create a European network, and an important step in this direction is to buy platforms like the current one in the future. By operating the Hungarian Randivonal and Mötesplatsen in the European dating market, the DACE will now be present in six countries, with $7.8M in consolidated revenue.
by Júlia Tar
See full article at Hungary Today
See the top news on Randivonal
This post also appears on InternetDatingInvestments.com
See full article at PR Newswire
See the top news on TheIntro
See the top news on WhiteLabelDating.com
This post also appears on InternetDatingInvestments.com
APN NEWS – July 7 – Matrimony.com, India's leading online matrimony company, has signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com (a Delhi-based fast-growing online wedding services company) as approved by its Board of Directors. Founded in 2015, ShaadiSaga is a leading player in the Wedding Services industry, with 40K vendors across multiple services and catering to customers across 15 major cities in the country. Following this acquisition, ShaadiSaga's founders – Himanshu Kapsime (CEO) and Manish Garg (COO), along with another key leader – Niraj Patel (CPO) will join Matrimony.com in senior leadership roles.
See the top news on Matrimony.com
This post also appears on InternetDatingInvestments.com