QUARTZ INDIA – Nov 28 – Only ~10% of Indian marriages are for love, the rest are arranged or semi-arranged by families. Generally, parents facilitate talks and perhaps even take decisions. This traditional system seems to work given that divorce rates in India are among the lowest in the world, albeit some argue it is problematic. But the concept of arranged marriage is changing. Last week, Dating.com Group acquired the San Francisco-based dating app for expats from India and other south Asian countries. Dil Mil has ~1M users in the US, the UK, and Canada. Already, Dil Mil has led to ~20M matches and averages one marriage per day. "Over 80% of south Asians marry other south Asians, but south Asian expats are geographically dispersed across the world, making it hard for them to meet each other," said KJ Dhaliwal, founder and CEO of Dil Mil. "Historically, most of them have met offline through their local social circles." Dil Mil allows Indian women to join but only non-resident Indian (NRI) men can join.
Category: Social Discovery Group
OPW Podcast – The Top Dating Industry News for Nov 26th
OPW – Nov 27 – Bumble: No more nudes please, Instagram dating!, Dating.com Buys Dil Mil, Qingliao, The Meet Group: fast growth.
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Dating.com Acquires Dil Mil App for South Asian Expats
TECH CRUNCH – Nov 25 – The Dating.com Group, an investment of SDVentures, has acquired Dil Mil, a San Francisco-based dating app for expats from India and other South Asian countries. The acquisition was via a combination of cash and Dating.com Group stock. According to Dating.com, the deal values the company at up to $50M. CEO and founder KJ Dhaliwal will continue to manage the company and will join Dating.com Group's M&A and Strategy committees, as well as the Dating.com Group Advisory Board. Dil Mil has effectively become the 'Tinder for South Asians', has ~1M users in the US, UK, & Canada, and has spread its influence both via the app, as well as events, music, and art. The portfolio of Dating.com Group already includes numerous brands including Dating.com, DateMyAge, LovingA, Tubit, AnastasiaDate, ChinaLove and others.
by Mike Butcher
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Top Dating News for Oct 22nd – Hinge & OpenTable, MyLife Offering, SD Ventures Merger
OPW – Oct 22 – News about Hinge and OpenTable partnering, MyLife's Offering, and SD Ventures merger with SOL for $215m to form Dating.com Group.
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SDVentures and SOL Holdings Merge to Form Dating.com Group
PR NEWSWIRE – Oct 15 – SDVentures, an international Internet holding founded by Dmitry Volkov, will be merging its g and social discovery products with SOL Holdings, an online entertainment and communications holding, to form Dating.com Group. As a result, SDVentures will receive $215M in cash and an equity stake in newly created Dating.com Group. Volkov plans to invest the funds in technology companies and startups.
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Dating.com to Expand in Asia and US Through M&A
PR NEWSWIRE – May 17 – Dating.com Group, managed by SOL Networks, is an umbrella brand for ~15 brands, including Dating.com, Lovinga, Tubit and TripToghether. The company is looking to acquire dating companies in Asia and the U.S. Dating.com Group has offices in seven countries and a team of ~500 professionals with ~73M registered users across the entire portfolio.