Shaadi.com Takes 25% In Thrill

ECONOMIC TIMES – Jan 26 – People Group has bought about 25% stake in dating applications maker Thrill in a cash and stock deal valued at close to $1 million. As a part of the transaction, Mumbai-based People Group has also merged its dating platform Fropper with Delhi-based Thrill Applications.

by Harsimran Julka
See full article at Economic Times

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Topface Hacked For 20M User Names

BLOOMBERG NEWS – Jan 26 – User names and e-mail addresses of 20 million visitors to a dating site based in Russia have been hacked and offered for sale online. 50% of the credentials were for people in Russia, and 40% came from the European Union.

by Peter Burrows
See full article at Boston Globe

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21Pictures: Find THE ONE Based On Just 21 Snaps

DAILY MAIL – Jan 23 – A new dating website is aiming to match people with just that – encouraging them to pick their matches simply on raw intuition and the help of a few snaps. Matches will be hand-picked after users have answered 21 short questions about basic core values and worldviews.

by Olivia Foster
See full article at DailyMail

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Dating App The League Raises $2.1M

TECH CRUNCH – Jan 22 – Investors in the round include IDG Ventures, Structure.vc and Sherpa Ventures along with angel investors, including Allen DeBevoise, Naomi Gleit, Mark Leslie, Russ Siegelmann, and Peter Kelly. One additional undisclosed venture fund and an undisclosed angel investor also participated. The cash will be used to double its two-person engineering team and continue its very methodical rollout strategy.

by Jonathan Shieber
See full article at Tech Crunch

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Crowd Mobile Buys Hong Kong Start-up Kiss Hugs

SOUTH CHINA MORNING POST – Jan 22 – Kiss Hugs, a mobile dating app, was launched in November 2013 and Hong Kong-based angel investor Bigcolors took a 12.5% stake in the company a month later, providing most of its seed capital. With the sale of Kiss Hugs, Bigcolors has made a return of 5.6 times on its investment in the space of a year. Crowd Mobile notes that Asia is an attractive market for its high level of smartphone usage and significant growth in in-app spending.

by Howard Winn
See full article at South China Morning Post

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