BUSINESS INSIDER - Apr 18 - Andrey Andreev hasn't done any interview since 2013. He is the CEO of Badoo. Russian-born Andreev prefers to maintain a low-profile, despite his app's popularity. Badoo was the most downloaded dating app in 21 countries in 2016, ahead of Tinder which was the most downloaded in 18 countries. Badoo has been completely redesigned. Andreev admitted that it was long overdue. Badoo was launched in 2006, and it raised $30M from Russian VC firm FINAM Technology Fund in 2008. The fund bought 10% of Badoo, which valued the business at $300M, before buying another 10% in 2009 at a higher valuation. Badoo does deals with other dating apps but it isn't looking for acquisitions. Smaller apps (Blendr, Huggle, Chappy) use Badoo's technology in exchange for a 50% revenue share deal. The most high-profile partnership that Badoo has is with Bumble. The partnership between Badoo and Bumble isn't a 50/50 revenue share deal, Andreev said. Read the full Business Insider interview.
by James Cook
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