VCCIRCLE - Dec 20 - People Group, the owner of online matchmaking site Shaadi.com, has acquired Frivil, a dating app owned by Delhi-based Thrill Pte Ltd. for an undisclosed amount. In January 2015, People Group had acquired 25% stake in the company for $1M and in a related deal, Fropper, owned by People Group, was brought under Thrill. Frivil's product, intellectual property rights and brand will become part of People Group, however the dating app will continue to operate as a separate entity from Shaadi. Frivil's founders Josh Israel and Devin Serago will help to integrate the app into the new parent company, but will not be joining the firm.
by Priya Prasad
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Summarized by the Courtland Brooks team
