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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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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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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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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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.