Dating app Tinder sparks heated legal battle in Toronto Ladner
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Looking for a Man Woman Both. However, in a statement of defence filed last month in Ontario Superior Court, the defendants call the allegations an attempt to "rewrite history," saying that at the time the sale was being negotiated, not only did they not know about Tinder — it had yet to be developed.
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That indirect stake in Tinder and how it changed hands in is now the subject of a court feud that has torn apart former business associates involved in Toronto's Extreme Venture Partners Fund, which has investments in various startup tech companies. Three of the fund's founders allege three other fund Hookup app Ladner conspired against them to buy out a company that secretly held the coveted slice of Tinder, an app that matches users Lafner way of the GPS location on their smartphones and has since become so ubiquitous that some blame it for perpetuating a superficial "hookup culture.
However, in a North Vancouver hills massage therapy of defence filed last month in Ontario Superior Court, the defendants call the allegations an attempt to "rewrite history," saying that at the time the sale was being negotiated, not Hookup app Ladner did they not know about Tinder — it had yet to be developed.
It is rare for such a dispute to break out ap; Toronto's small Hiokup venture capital scene.
Inthe fund, along with Mr. Sharma, Mr. Bashir and Mr. According to court documents, Mr.
Varma and Mr. In a court filing, Mr. Madra, who are long-time friends, say they never concealed Tinder from their business associates, as they knew nothing about it.
They Lsdner it had not even been developed when the sale was negotiated. Madra say in court documents that Xtreme's involvement in Hatch was always disclosed. According to Mr. Madra, Hatch, unbeknownst to them at the time, held "an internal hack-a-thon" for its staff in February,that resulted Ladneg concepts for a number of new apps, including one to use geographic information from smartphones to match users of a dating app, which would later become Tinder.
Tinder launched in August,two weeks before the Xtreme Labs transaction closed and months after negotiations had ended, Mr. Madra say in court documents. Tinder still had "very few users" in the months after it was released, they say, and "any future success was speculative. Madra and Mr.