Bumble Inc

Bumble made headlines this year when it announced plans for an expansion into India. Though the Indian market is large and tech-savvy, western dating apps have struggled to find a foothold. India’s traditional approach to courtship has raised concerns about whether online dating has a place in a society with a history of arranged marriages, class divides, and parental oversight of relationships.

A recent survey by Indian dating app Woo reveals the ways centuries of conservative values continue to affect singles in the country. According to the data, the gender divide on dating apps is immense. Only 26 percent of users are female, while 74 percent are male - in other words, there are nearly three times as many men as women on online dating platforms in India.

For comparison, women are slightly more than 40 percent of the user base on dating apps like Bumble and Tinder in the United States. Users in the US also differ from users in India in their reasons for joining dating services. Many Americans are comfortable openly using dating platforms for hookups and casual dating, but in India, dating app users say they have more serious goals.

Facebook has reportedly given personal data of its users to an exclusive roster of preferred companies such as AirBnB, Netflix and Lyft, even after claiming it had limited this data-sharing practice. One of the companies Facebook shared information with was dating service Badoo.

According to The Daily Beast, the British Parliament released 250 pages of documents, including internal communications between Facebook employees, regarding the secret data sharing practice. This potential scandal comes in the wake of Facebook’s launch of a new dating platform. Critics have been skeptical of whether or not people will feel comfortable joining in light of the privacy issues, and the latest news doesn’t look good for Facebook.

Facebook changed its data sharing practices with third party apps back in 2014 to restrict access, which affected many small app development companies like Six4Three that mined Facebook user data. The developer claimed in a lawsuit against Facebook that the social media giant favored lucrative companies and was willing to share data with them.

Bumble has a lot on its plate these days, including a potential IPO, expanding its service to India, and becoming a content creator as well as building a “kind social network.”

The Wall Street Journal interviewed Bumble CEO Whitney Wolfe Herd about the female-friendly dating app, which has recently styled itself as a social media platform that promotes safety and helping women build relationships.

Bumble has been in the news lately because it’s rumored to be eyeing an IPO before the end of the year, with a $1.5 billion valuation. This could mean big news for the app, which competes with behemoths Tinder and more recently Facebook. Still, Bumble has managed to grow to 40 million users, up from 12.5 million in February 2017, which is significant growth compared to its competitors.

Bumble has made experiential marketing a core part of its strategy to expand its user base. Last year, the company launched a series of roving pop-up spaces that debuted in New York City and has since made stops in London, Los Angeles, and Vancouver. Earlier this year, Bumble teamed up with HBO on a "Stay Home To The Movies" activation set in a New York City brownstone that aimed to recreate the experience of a romantic night in.

Bumble’s latest move to bring the dating experience offline is a partnership with Marriott International's Moxy Hotels. Certain Moxy locations will host "BumbleSpot #attheMoxy” events where Bumble users can bring their connections from the digital sphere to real life. BumbleSpots are places that have been verified by Bumble as inclusive environments in which to meet connections from Bumble’s dating, friendship and professional networking services.

“At Bumble, we’re more than just a dating app – we’re a mission-driven platform that connects people across the most important relationships in their lives in love, friendship and business. We’ve worked so hard to cultivate a safe and empowering community online and we’re always looking for opportunities to help our users bring those connections to life,” said Andee Olson, director of partnerships at Bumble. “The idea for BumbleSpot is to create a network of physical locations across the US and Canada that support our mission to end misogyny and empower women in their relationships across all aspects of life.”

Bumble disclosed in an exclusive to website Bustle that they will soon be launching a new feature called BumbleSpots to help its members meet face-to-face.

BumbleSpots offers Bumble-verified locations where its members can meet so they feel safe grabbing a drink with a match for the first time IRL. It’s a new way for the female-friendly dating app to appeal to its prime market: single women.

Getting people to meet in person instead of messaging each other over a dating app is no small feat. Tinder and Hinge have been trying different approaches to get users to meet face to face, but it’s still a difficult proposition. This is especially tough for female daters, who feel unsafe meeting strangers at locations or neighborhoods that are unfamiliar. Bumble wants to remove as many barriers as possible for women to feel more empowered in the online dating process - not only to reach out via a dating app, but also initiate meeting in person.

Bumble continues to dominate dating industry headlines. In recent months, the company continued its high-profile legal battle with Match Group, debuted in India with the help of actress Priyanka Chopra, launched a fund to invest in women-founded companies, and announced an upcoming line of beauty products. Bumble also revealed that it is exploring an IPO, a rare move in the dating space.

“Our revenue is remarkable, and it is only going to get better,” Bumble founder Whitney Wolfe Herd told Forbes in September. “There is a need for a new IPO in this space, and we offer something that nobody else offers. This would allow us to really spread our wings at a new level.”

Plans for the IPO appear to be moving forward. Andrey Andreev, the majority shareholder of Bumble’s parent company, publicly discussed a possible Nasdaq listing with Bloomberg in October. “We’re now in very deep discussions with banks,” including JPMorgan Chase & Co., he said. “The listing would be on the Nasdaq. It’s been in the air for ages, but the serious consideration has happened only recently -- in the past month.”