OPW - Mar 24 - Dating on the Rise, Free Premium Features, POF Livestreaming, Dating.com VC Fund.
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PULSE 2.0 - Mar 20 - The fund will invest in companies and projects in the dating space. Dating.com Group has recently acquired India-based Dil Mil - which is known as the "Tinder for South Asians". Some of the company's other apps include Dating.com, AnastasiaDate.com, Tubit, DateMyAge, AsianDate.com, and AfricanDate.com. The first investment was in S'More - which is a dating app encourages users to learn more about a person before looking at profile photos.
by Amit Chowdhry
See full article at Pulse 2.0
See the top news on Dating.com Group
See the top news on Dil Mil
See the top news on S'More
This post also appears on InternetDatingInvestments.com
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FORBES - Dec 16 - Social Discovery Ventures (SDVentures) HQ is in Malta, where Dmitriy Volkov has citizenship, a house and a yacht. The company also has offices in San Francisco, China, Colombia, Morocco, Minsk and Moscow. About 400 people work in them. His fortune exceeds $750m.
In 1998 he founded IT-Online which created and promoted Internet sites. A customer asked him to automate the printing process of catalogs with photographs and profiles for an American dating service AnastasiaDate. Volkov automated the manufacturing process and suggested that the customer transfer the catalogs online and share profit with Volkov.
SDVentures was created in 2014. The Dating.com Group includes Dating.com, DateMyAge, Cherish, Tubit, AnastasiaDate, ChinaLove, AsianDate and Amolatina (73m users +, $200m rev) and Volkov predicts 15-20% growth per year.
Dating.com Group, one of the largest dating companies in the world and focuses on international dating services, says Courtland Brooks founder Mark Brooks.
Now he's investing in project from $1m to $5m.
by Irina Yuzbekova
See full article at Forbes
Full Disclosure: Mark Brooks (OPW co-editor) was Chief Strategy Officer in 2013-2014 and SD Ventures was a client of Courtland Brooks.
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PR NEWSWIRE - Dec 4 - Dating.com Group, the parent company of Dating.com, Dil Mil, Lovinga, Tubit, TripTogether, announced its plans to focus on expanding into the Asian market in 2020. Dating.com Group has recently acquired Dil Mil. Jev Golinejs, Dating.com Group CLO, said: "The deal with Dil Mil has increased the profit of Dating.com Group at up to $250M.
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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.
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OPW - Nov 27 - Bumble: No more nudes please, Instagram dating!, Dating.com Buys Dil Mil, Qingliao, The Meet Group: fast growth.
For the top weekly dating industry news in ~2 minutes subscribe to OPW's Two Minute Tuesdays (TMT) podcast on Breaker , Google Podcasts
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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
See full article at Tech Crunch
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This post also appears on InternetDatingInvestments.com
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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.
Here's the top dating news in ~2 minutes. Subscribe to the Two Minute Tuesdays (TMT) podcast on Breaker, Google podcasts, Spotify, Anchor or Stitcher.
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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.
See full article at PR Newswire
See all posts on Dating.com Group
This post also appears on InternetDatingInvestments.com
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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.
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