Bumble — which requires women searching for heterosexual matches to make the first move — was founded in 2014 by Whitney Wolfe Herd. The company has since become a household name and features services beyond dating, including professional and social networking. The company also owns other apps such as Badoo, a popular digital dating service outside the United States.
Representatives for Bumble, Blackstone, Citigroup, Goldman Sachs and Morgan Stanley declined to comment to CNN Business.
Bumble Vice President of Strategy Priti Joshi told CNN in May that the average call time on the app is around 28 minutes, which “means that they’re actually getting to know the person on the other side of that call.”
“The most traditional, the most misogynistic mindsets globally — those markets for us are completely wide-open prairies,” Wolfe Herd told CNN Business last year, referring to the decision to launch in India. “Just because something is not as progressive as another place in the world doesn’t mean there’s not a desire for that.”
As of September of last year, Bumble had 66 million users and was profitable, the company told CNN Business. The app’s basic version is free but users can purchase additional filters.