Earlier this month Dating Group, a Russian-founded international dating major, announced the acquisition of French dating app Once for $18 million in cash and stock. Founded in 2015 by Jean Meyer and Clémentine Lalande, Once aims to “brings back the magic to the online dating world.” It claims 9 million users, 5 million chats daily and 50 million …
Dating Group acquires French ‘slow dating’ app Once for $18 million Read More
Russian online dating leader Mamba is investing some $3 million to develop its business in Germany and Italy, reported Kommersant, citing exchanges with company representatives. The company expects the average monthly revenue per user in these countries to be almost twice as high as in Russia, where it stands around 500 rubles ($6.7 at the …
Russian dating major Mamba invests $3 million to develop in Germany, Italy Read More
International dating giant Dating.com Group has launched a $50 million corporate venture fund, the group’s co-founder Dmitry Volkov announced last week at an industry event in New York City. The new vehicle will invest “up to $5 million” in online dating companies from the seed to Series B stages. The Dating.com fund has already made an …
Dating.com Group launches $50 million corporate VC fund Read More
Andrey Andreev, the Russian-born online dating tycoon, has sold his business MagicLab to Blackstone, one of the world’s leading investment firms. The deal valued the company “at approximately $3 billion,” the firm stated, without providing any more details. MagicLab touts itself as the company that “invented how people meet in the modern, mobile age,” “connecting and transformed …
Andrey Andreev sells Badoo, Bumble to Blackstone at $3 billion valuation Read More
Update June 7 – According to media reports, Yandex and the authorities reached an agreement on how to apply the legislation as for providing law enforcement bodies with access to encrypted user content. Yandex, the Russian digital giant, received a request from Russian secret service, the FSB, to grant them access to encrypted user content …
Russia requires Yandex, Tinder to make user content available to law enforcement agencies Read More
Catfishing — the practice of fabricating online identities to lure people into deceptive romantic relationships — has been inherent to online dating and social networking since these even appeared. These romantic scams are not only the cause of numerous sentimental disappointments, they have also led many users to dreadful experiences. The issue is so widespread that it was depicted …
Russian startup launches scam-free dating service using facial recognition Read More
As online dating is becoming a popular tool used to meet people, Russia has been ranked number one for dating app share of total app downloads. In this country, 0.39% of app downloads are dating apps. Following closely behind Russia is Brazil, with 0.38% of dating app shares, according to Sensortower data cited by eMarketer. …
Russia ranks number 1 in the world for online dating app share Read More
Mamba, the leading online dating company in Russia, has acquired Teamo.ru, an online service launched in 2010 by Moscow-based Internet startup investor and incubator Fastlane Ventures. Russian business daily Kommersant heard from a source “with knowledge of the project” that Teamo has been valued at “several million US dollars.” Mamba’s general manager Andrey Bronetskiy characterized Teamo as “a …
Russia’s online dating market consolidates: Mamba acquires Teamo Read More
After recently speaking at iDate Conference 2015 and reviewing the Russian Online Dating market, I had to follow up with a blog on some of the key takeaways some of the attendees were particularly interested to learn. In addition to providing search data, I assessed a locally dominated market by dissecting and analyzing a few …
Andrey Andreev, the Russian entrepreneur responsible for creating popular social apps such as Badoo, is reviving the dating site Hot or Not in the United States. Andreev has been trying for several years to enter the U.S. market’s complex and oversaturated online dating industry with the help of his social network Badoo, which has proven …
Russian entrepreneur Andrey Andreev to revive dating site Hot or Not in the US Read More
In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …
Online dating service Mamba introduces one-click payments Read More
Leading Russian dating site “Mamba” has changed its international name to Wamba to expand into new markets. “In Russia we can only grow as fast as the market”, explained Executive Director Yaroslav Sergeev, “so we are targeting two new growth areas – mobile Internet and international expansion.”
