Grindr is a social networking software that enables communication between gay, bisexual, and transgender people. Since its release in 2009, the app has amassed a massive following and been downloaded over 27 million times globally. Millions of people use Grindr every day and it is accessible in over 190 countries. So how much is Grindr actually worth?
Chinese gaming company Kunlun Tech paid $245 million to acquire Grindr in 2016. However, the Committee on Foreign Investment in the United States (CFIUS) voiced concerns about the app’s data privacy and security in March 2019, prompting Kunlun Tech to declare that it will sell Grindr. San Vicente Acquisition LLC purchased the app in 2020 for a price of $608.5 million.
On the other side, Whitney Wolfe Herd, who also co-created Tinder, founded Bumble in 2014. The app Bumble has more than 100 million users globally and an estimated $8 billion valuation. Bumble raised $2.2 billion in its initial public offering (IPO) when it went public in 2021.
An app like Bumble can be made for a variety of prices depending on the complexity, functionality, and platform (iOS or Android). A dating app like Bumble can often cost between $50,000 and $150,000 to design.
Another well-known dating app is Tinder, which was released in 2012 and has more than 57 million users globally. There were about 20,000 lines of code used to create the app. The complexity and features of the program will determine how many lines of code are needed, though.
It’s crucial to begin with a clear understanding of what you want your dating app to accomplish if you’re wondering how to create one from scratch. To find out what features people want and where there are market gaps, you must undertake market research. You must assemble a team of engineers, designers, and project managers if you are certain of the app’s function and features.
To sum up, Grindr has grown tremendously in value over time, with its most recent sale price coming in at $608.5 million. Another well-known dating app, Bumble, is thought to be worth $8 billion and will go public in 2021. A dating app like Bumble may be created for anywhere between $50,000 and $150,000. Around 20,000 lines of code went into creating Tinder, however this figure may change based on the complexity and functionality of the program. Starting with a clear concept and thorough market research is crucial if you’re interested in creating a dating app from scratch.
I cannot offer personal preferences or subjective judgments because I am an AI language model. Nevertheless, there are many other dating applications on the market, and it depends on personal preferences and requirements. The most well-known dating applications include Tinder, Bumble, OkCupid, Hinge, and Grindr (for LGBTQ+ people). Find the app that best fits your dating objectives and hobbies by doing some research and comparing several options.
Knowledge of programming and software development is necessary to create an app. Learning programming languages like Swift or Java can be a good place to start. Additionally, there are software and platforms for app creation that you may use to build an app without having a strong background in coding. You must also be certain of the purpose of your app and the demographics of your intended users. To make sure your app stands out from the competitors and market, research is also crucial.