Recently, Bumble declined a $450 million acquisition offer from Match Group, which is the umbrella company for renowned firms like Match.com, OkCupid, and Tinder. According to sources that are familiar with the subject, the $450 million offer was perceived to undervalue Bumble, a leading dating app that has quickly established itself in a crowded field. Regarding its functionality, the woman has to make a move first when two users match. Both Bumble and Match Group have not commented on the bid nor confirmed it.
If the acquisition could have taken place, it would have meant that Whitney Wolfe, the founder CEO of Bumble, would be working for a company that she left three years ago. In 2012, Wolfe co-established Tinder, a popular dating app. At the time, she was 22. Wolfe served as the company’s vice president of marketing. She helped in founding the app and transforming it into a sensation. She left the firm in 2014 and launched Bumble in December that year.
After leaving Tinder, forming another tech company was the last thing that Whitney Wolfe wanted. She even relocated from Los Angeles to Austin. Wolfe toyed with a number of ideas, including creating a juice bar. However, shortly after relocating, Whitney Wolfe received a call from Andrey Andreev, the founder of Badoo. Soon after, they partnered to found Bumble. Wolfe monetized the dating app towards the end of 2016 with extra features for $9.99 a month.
In the last spring, the firm introduced Bumble BFF, a vertical that is intended for women to meet new friends that are new to the app. It is also expected that the company will roll out a networking vertical, BumbleBizz. Presently, the dating app is adding over 50,000 new users each day. With the inauguration of BumbleBizz, Whitney aims to expand her ambitions for her company and for the women. For more info about us: http://thebeehive.bumble.com/bumble-bff/ click here.
About Whitney Wolfe
Whitney Wolfe is a respected entrepreneur. She has had a successful career in the tech world, particularly in the dating and networking space. Wolfe started with Tinder. Presently, she runs Bumble, a dating app that facilitates women to have power and control. Wolfe’s firm is different from other tech startups that are usually based in Silicon Valley. Her company is based in Austin. It has 13 employees with a majority being women. Additionally, the app has logged more than 80 million matches.