MARIE CLAIRE - Sep 20 - Bumble is a relationships platform with ~35M users globally that is already in the U.S., Europe, Canada, Australia, Mexico, and Latin America. The app is launching in India this fall. Bumble BFF, a feature to connect with new friends, recently crossed 3M users. Bumble is countersuing Match Group, which owns Tinder, for $400M. (The legal back-and-forth started last February, after Match reportedly said it was interested in acquiring Bumble, which opened its books. When Bumble turned down Match's acquisition offer, Match sued for alleged intellectual-property infringement.) Wolfe Herd joined Imagine Entertainment's board of directors in July, and in August, Bumble launched Bumble Fund, a venture-capital arm that invests in women-led businesses. And now, Bumble is getting into the beauty game. Bumble has spent several months working with psychotherapists and dermatologists to make serums that simultaneously solve skin and, according to the company, emotional issues. In mid- to late-2019, Bumble will launch two serums with quirky names, like Break Up With Bad, the line's facial oil for "breakups and breakouts."
by Daphne Beal
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Summarized by the IDEA team