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As reported by DNA, Shares of the company soared 67% in its trading debut to $72 (approximately Rs 5,243) at 1.03 pm in New York, valuing 31-year-old Herd at $1.5 billion (approximately Rs 1.09 lakh crore).
Wolfe Herd started the female-first dating app in 2014 after she quit her role as an executive in Tinder. It is said she left the company in 2012 after filing a sexual harassment suit against the company.
She co-founded Bumble with Russian billionaire Andrey Andreev and the motive behind creating this platform was to help women make the ‘first move’. It is said that even after a male member matches with a female member-the man cannot send the message first
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