Swipe right on the zucchini pasta... Four months after its IPO, Bumble is doing an IRO: initial restaurant offering. The dating app where women make the first move is opening its first restaurant in NYC this month: "Bumble Brew." The bar/restaurant concept was orginally focused on “date-friendly” food. Read: no splattering sauces or volcanic burritos. Then, the pandemic forced Bumble to put its gastronomic plans on hold, and it emerged with a different mission.
Not just first dates... Bumble wants Brew to be a spot for connections of all kinds, from frittata with friends and family to networking over chardonnay. So it scrapped the date-friendly menu and added riskier choices like squid ink spaghetti.
Apps bring scale, but community brings relevance... If out of sight = out of mind, then Bumble wants to be the opposite — and gain an edge over Match in the process. Bumble shares are down 24% since it IPO'd. Building community with a physical presence could help it get its groove back. That's one reason companies like Warby Parker and AllBirds keep opening physical stores, despite having successful ecomm businesses.