Dating App Woo Acquires Indian Diaspora Dating App DUS.
2 February 2017 - Indian dating app Woo forges has acquired Los Angeles-based South Asian community-focused dating app DUS, the company said.
DUS was specifically designed for South Asian singles to provide them a dating opportunity within their community.
Woo, which has been in the online dating industry of India since its inception in 2014, said it is now gearing up for a major global push.
The company has formally signed an agreement with DUS and now will acquire its platform and brand to increase their foothold in US, one of the largest markets for the online dating industry, along with UK and Canada.
This acquisition with DUS, the Desi Dating App will open an attractive market and new growth avenues for Woo, strengthening its position in the global arena.
Indian-Canadian comedian and a YouTube personality Jus Reign is one of the founders of DUS.
He will continue to use his online voice to continue DUS' mission by promoting Woo through his audience which is primarily western South Asians.
The DUS leadership team will continue to support Woo in thinking through its country growth strategy and customising user features designed for the international Indian community.
Sector: IT/Online Services
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Feb 2, 2017|
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