$93 million investment values gay dating app at $155 million.
Grindr, the popular dating app for gay men, has sold a 60% stake to Chinese gaming company Beijing Kunlun Tech for $93 million, according to the New York Times. The $93 million investment now values the six-year-old dating app at $155 million. The remainder of the company’s shares continue to be owned by its employees and Grindr founder and CEO Joel Simkhai.
