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Casual app that is dating obtained by Paktor

Casual app that is dating obtained by Paktor

Keep In Mind “Bang With Friends?” The app that is controversial which later rebranded as Down, ended up being obtained by Singapore-based dating startup Paktor (they’re, um… setting up).

The regards to the offer are not disclosed, but we’re told it absolutely was a few million. After increasing simply $1 million , it absolutely was a outcome that is“positive for investors like Tim Draper. Paktor has taken in significantly more than $50 million from investors, including a current $32.5 million round in October — it is concentrated on Asia but additionally has solutions in Latin America, the U.S. and European countries.

Colin Hodge, creator and CEO of Down, is joining the Paktor group and certainly will keep both the Down and Sweet apps operating. Hodge may also be Paktor that is overseeing Labs where he’ll be testing brand new a few ideas and acquiring other apps.

“ Bang With Friends began as a late-night part task and became popular like a rocket — we hit 1 million signups within just 3 months,” Hodge claims of these 2013 launch. Up to now, they’ve had 5 million packages and actually have about 200,000 month-to-month active users.

Down can be lucrative. Hodge claims they usually have a $1 million revenue that is annual rate stemming from in-app acquisitions. They even had minimal expenses because he previously been the sole full-time employee recently, down from six staffers in its earlier times.

The initial Bang With Friends gained plenty of very early attention because of its controversial concept. (more…)

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