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25-Dec-2017 07:51

“We have taken this investment in our company to accelerate our growth, to allow us to expand our services for you, and to continue to ensure that we make Grindr the number one app and brand for our millions of users,” Simkhai wrote in a company blog post.

The service was temporarily suspended due to an “important adjustment in service,” Rela told users on its We Chat app account.Blued, a social app for gay men, founded by a former police officer, has 3 million daily active users, a million more than Grindr.Grindr founder Joel Simkhai called the deal a “a huge vote of confidence in our vision to connect gay men to even more of the world around them,” in a blog post.Grindr, the social network for gay men, has sold a majority 60 percent stake to Chinese gaming company Beijing Kunlun Tech for million. The New York Times reported that Grindr has two million daily users, who spend an average of 54 minutes inside the app.

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The deal, which values six-year-old Grindr at 5 million, is the first time that the U. Those are impressive engagement rates, and the company is reported to have generated million in revenue in 2014, up from million one year previous.

Grindr founder and CEO Joel Simkhai described the investment as “a huge vote of confidence in our vision to connect gay men to even more of the world around them,” but stressed that it would be “business as usual” despite the influx of capital.

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