- Dating.com has announced that it is buying San Francisco-based dating app company Dil Mil in a deal that is valued up to $50 million
Dating.com Group announced it is buying San Francisco-based dating app company Dil Mil in a deal that is valued at up to $50 million in a combination of cash and stock. Dil Mil specializes in connecting expats from India and other countries in South Asia.
Currently, Dil Mil has more than a million users in the US, UK, and Canada. And Dil Mil generated more than 20 million matches and averages at least one marriage per day. Eventually, Dil Mil is planning to offer more features based on events, music, and art.
“When we started Dil Mil, our vision was to empower the world to find love. I’m glad Dil Mil can continue to realize this vision with the support of Dating.com Group,” said Dil Mil Founder CEO KJ Dhaliwal via BusinessMalta. “As the dating app market becomes more competitive with companies like Facebook entering, we wanted to partner with a strong strategic player in this space. We believe love is the most powerful force to connect the world and overcome biases and stigmas, so we strive to help everyone find meaningful relationships while strengthening the bonds of our community.”
Going forward, Dhaliwal will continue managing the company and is going to join the Dating.com Group M&A and Strategy committees and the Dating.com Group Advisory Board.
“Dating.com Group sees great potential in Indian and other South Asian markets. Dil Mil’s small yet talented team managed to build the leading company in its niche,” added Maria Sullivan, Vice President of Dating.com Group and Board Director at Dil Mil. “The team will continue to manage the company while Dating.com Group will provide additional resources to help Dil Mil grow further. Dating.com Group plans to continue to acquire successful companies in the social discovery space.”