The OPW/iDate Weekly News Summary.
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Bumble Hits 100 Million Users
FAST COMPANY - July 16 - Bumble is also announcing a major reorganization and rebranding that will make the company the new overseer of its sibling dating app, Badoo. Until now, the two apps had been under the umbrella of the holding company MagicLab. But that company is being renamed Bumble. Bumble is bringing on a new president, Tariq Shaukat, previously president of industry products and solutions at Google Cloud. Bumble also announced a new board of directors. Led by chairwoman Ann Mather, the former CFO of Pixar Studios, the Bumble board also includes Pamela Thomas-Graham, the author and former CEO of CNBC; Elisa Steele, the chairwoman of Cornerstone; and Matthew Bromberg, COO of Zynga. Bumble and Badoo have a base of 600M users. CEO Wolfe Herd now oversees ~750 employees in Austin, London, and Moscow.
The Varying American Fortunes of Grindr and Blued
ECONOMIST - July 15 - America's government viewed Grindr with Chinese ties as a national-security concern. Can Blued that has just listed in New York expect similar treatment? Blued launched in China in 2012, 11 years after homosexuality was removed from the country's list of mental disorders. An international edition of the app was released in 2015. Just over half of Blued's 6M active monthly users are in China. The rest are mainly in other parts of Asia. BlueCity's revenues reached 207M yuan ($30M) in the Q1, up by 43% YOY. On July 8th its parent company, BlueCity, listed on New York's Nasdaq exchange, at a market value of over $600m. Blued has so far avoided the sort of scrutiny from American regulators that befell Grindr. Unlike Grindr, which was popular in America before Kunlun bought it, Blued is a minnow outside Asia. Its relative obscurity may shield it from examination for a while. If it starts to gain a foothold in America, regulators are likely to take a closer look.
Match Group's Hawaya Launches in Canada
NEWSWIRE.CA - July 13 - Hawaya, a dating app designed for Muslim men and women with serious intentions, is currently available in 11 countries, with plans to expand to the U.S. and U.K. this summer. The app is making its North American debut in Canada. Hawaya was founded in 2017 by Sameh Saleh, who crafted the app to help his sister go through a pleasant, comfortable and safe journey towards marriage.
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Bumble's $22.5M Auto-Renewal Deal Gets Initial OK
LAW360 - July 16 - A California magistrate judge has preliminarily approved a $22.5M settlement proposal by Bumble to resolve allegations it violated New York and California consumer protection laws by auto-renewing Bumble Boost subscriptions without users' consent. In 2018, two separate lawsuits were filed against the two companies that operate Bumble dating app - a California class of Bumble Boost users who were charged auto-renewal fees and a nationwide class of users whose subscriptions were automatically renewed.
New Dating App 'Tabby' Helps Cat Lovers Connect
PEOPLE.COM - July 14 - Tabby launches just in time for International Cat Day on August 8. Created by sisters Leigh and Casey Isaacson, the app is designed "for both cat lovers and cat owners". Leigh and Casey have recently launched a dating app for dog people called Dig.
Heybaby - a New Dating App For Parents and People Who Want to be Parents
MASHABLE - July 14 - There are ~13M single parents in the United States, and half of people aged 20 to 45 report wanting children - but it's not exactly what people want to open a Tinder conversation with. Heybaby wants to take away the apprehension involved in trying to find a partner with similar life plans. The app will be available first in San Francisco, where the team is based, but it will expand eventually to everywhere in the United States. It's also iOS only for now.
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Indian Dating App Aisle Is Competing With the Likes of Tinder, Bumble and OkCupid
BUSINESS INSIDER - July 14 - Aisle, the home-grown dating app is among the top 5 grossing dating apps in India. The app has seen 3M downloads worldwide. Aisle was launched 6 years ago and has 10 employees.
Matrimonial Sites Are Innovating During the Pandemic
QUARTZ INDIA - July 13 - The pandemic is forcing many industries to innovate and come up with ideas that help them stay relevant in the "new normal." On June 22, Shaadi.com, one of India's most popular matrimonial sites, launched a video calling feature. On the first day of the launch, the service was used by ~75K users, and on the next day, ~100K people tried the feature. In less than a month, ~500~ users have made video calls on Shaadi.com. Bharat Matrimony and Jeevansathi.com have also witnessed significant traffic to their video calling service.
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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