OPW INTERVIEW – Feb 18 – Rumpur is billed as the first dating app for ethic gay men, a relationship focused service 'without the restraints of discrimination based on race.' Here's what the CEO/Founder Garfield Wright had to say about the app. – Mark Brooks
Why Rumpur?
At Rumpur we recognize that ethnic gay men are faced with racism, discrimination and bigotry on many dating apps and websites. These men are left feeling rejected and debased as human beings. Rumpur was created to level the online dating field for ethnic gay men.
What's your USP
Rumpur is the first American based gay dating app to offer live video chat where users can authenticate each other and talk in real time.
How many daily active users do you have at this stage?
As of this writing, we have a total of 11,904 users. 7953 of such are active users and 5,340 are daily active users.
What funding have you had to date?
To date we haven't sought any funding because we wanted to gain traction before we approach any investors. Now we are gaining traction and growing our user base. We believe now is the right time to seek funding.
What are you plans for the app?
Our plan for the app is to make it the number one app for ethnic gay people in the LGBTQ community throughout the world. Although we started out targeting ethnic gay men we will eventually open up our app to accommodate the entire LGBTQ community such as lesbians, non binaries, etc.
Whats next?
We are gaining traction every day with new users entering our platform. However, we lack the necessary funding to drive growth. We are seeking a seed round in financing to take Rumpur to the next level. The funding will be used to hire a product manager, hire a marketing expert, increase our advertising budget and optimize our app store presence.
What kind of money are you looking for ideally?
We are seeking a seed round of $400,000 to $500,000 for 10% of our company. We understand our target audience and our market and are a very resilient team that can weather the ups and downs of running a startup.
This post also appears on InternetDatingInvestments.com
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REUTERS – Mar 26 – Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr, the gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership. The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of Grindr constitutes a national security risk. Kunlun had said last August it was preparing for an IPO of Grindr. As a result of CFIUS' intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright. Grindr has hired investment bank Cowen Inc to handle the sale process, and is soliciting acquisition interest from U.S. investment firms, as well as Grindr's competitors. Kunlun acquired a majority stake in Grindr in 2016 for $93M. It bought out the remainder of the company in 2018.
