Paktor continues spending spree, acquires Groopify and Goodnight
This brings the total number of companies it has acquired to four
The dating app by Groopify
Mere weeks after it inked an acquisition deal for American casual dating startup Down, Singaporean dating platform Paktor has announced it’s buying up two new dating startups.
They are Taiwanese voice-chat dating app Goodnight and Brazil’s Groopify, which operates European- and Latin American-based group dating app called Kickoff.
Founded in 2015, Goodnight matches people with common interests, after which, they can engage in a voice chat of up to seven minutes. It claims a user base of over 500,000.
Groopify was founded two years earlier. The Kickoff app connects users with potential matches by trawling their friends’ lists for single people. It claims to have accumulated over 250,000 users across 40 cities. It had previously raised €2 million (US$2.13 million) in funding.
The two companies will join forces with Down to form a new division called Paktor Labs, a social apps accelerator headed by Colin Hodge, previously CEO and co-founder of Down,
The users from Hodge’s two dating apps DOWN and Sweet, and those from Kickoff and Goodnight, will increase Paktor’s user base by over 7 million, bringing the total number to 20 million users.
By leveraging these new distribution channels and extend dating app offerings, Paktor is seeking to develop the most comprehensive portfolio of dating services – online and offline – in Asia, said a press release.
“These 4 dating apps are natural complements to Paktor dating app and their stellar teams have demonstrated impressive organic growth. These transactions are aligned with Paktor Group’s growth strategy and reflect our commitment to provide singles with a broader variety of choices based on their dating preferences and needs,” said Paktor Group CEO Joseph Phua, in an official press statement.
In December last year, Paktor made its first acquisition when it bought a controlling stake in Taiwanese video streaming platform 17 media.
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Image Credit: Groopify
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