Tinder

Tinder is a location-based social search mobile app that allows users to like or dislike other users, and allows users to chat if both parties swiped to the right.

Tinder app is often used as a hookup app, Information available to the users is based on pictures from Facebook, a short bio that users write themselves, along with linking Instagram and Spotify account.

Tinder was founded in 2012 by Sean Rad, Jonathan Badeen, Justin Mateen, Joe Munoz, Dinesh Moorjani, and Whitney Wolfe. The company is headquartered in Los Angeles, California.

Tinder was launched to address the social and physical barriers of forming new friendships and relationships. Using social data, Tinder anonymously finds people nearby that like each other and connects them if they are both interested.

Tinder is backed by Benchmark & IAC. Tinder has acquired Tappy, Humin & Wheel as well as made a $1.4M investment in Vina on Sep 22, 2016.

Tinder is used widely throughout the world and is available in over 40 languages. As of April 2015, Tinder users swiped through 1.6 billion Tinder profiles and made more than 26 million matches per day. More than 8 billion matches had been made since Tinder launched in 2012.

Tinder app won TechCrunch's Crunchie Award for "Best New Startup of 2013". In March 2013, when the app was still used only in some localities, social media director Alexa Mateen stated that the app was intended to be a "chance to meet people you wouldn't normally meet". By May 2013, Tinder was one of the top 25 social networking apps available on the web based on frequency of use and number of users. Initially, instead of a swiping motion, users would click on either a green "heart" or red "X" to select or move on from the photos shown.

 

 

  • Year founded: 2012
  • Funding Info: $50M in 2 funding rounds (Last funding type: Venture- Series Unknown)Tinder has also acquired Wheel, Tappy & Humin as well as made a $1.4M investment in Vina, to date
  • Yearly Revenue: $700M-$800M (2018)
  • Employee Size: 201-500
  • Business Valuation: Valued a $3B as of Aug 15, 2018
  • City/Town: Los Angeles
  • State: California
  • Country: United States
Related businesses