Terms of the deal remain undisclosed, though I understand the acquisition was a mixture of cash and stock. In a later undisclosed Series A round, Venrock also came on board as an investor after Lulu relocated to New York and began exclusively targeting the U.
Tied to this is the fact that, for the time being at least, the Lulu app as we know it is to be no more. Badoo has form in essentially white-labeling its tech to power brands other than the main Badoo app, including Hot or NotBlendr, and now Lulu.
Lulu, The App That Lets Women Rate Men, Acquired By Badoo
However, that missing dating functionality was actually something Lulu users had requested, she says. What is "dating" clear is that the acquisition sees a much bigger company swallowing up a smaller one.
Chong points out that Badoo site the definitive leader in Europe by some stretch and has a lot more potential to grow, including in Asia-Pacific. In JuneSteve took a break from journalism to co-found the London and Prague-based startup Site.
Steve left TC injoining a startup before launching his own thriving public relations shop check this out after.
Steve passed away lulu after a brief illness. TechCrunch's AI experts cover the latest news in the fast-moving field.
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