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Vandana Mehta-Krantz

CFO at Grindr
Since November 2022
Age
57 years
Education
Holds a bachelor's degree in mathematics from the University of Waterloo and is a qualified Chartered Accountant (1990) and Chartered Financial Analyst (1997).
Tenure
Joined GRND as CFO on September 26, 2022, served as CFO of Legacy GRND until November 2022, and started her current position as CFO in November 2022.

Also at Grindr

A"B
Austin "AJ" Balance
Chief Product Officer
DIW
Daniel I. Weinstein
Chief Accounting Officer

About

Vandana Mehta-Krantz is 57 years old as of April 2025. She holds a bachelor's degree in mathematics from the University of Waterloo and qualified as a Chartered Accountant in 1990 as well as a Chartered Financial Analyst in 1997.

She joined GRND as CFO on 09-26-2022 and began her current role in 11-2022, after serving briefly in a transitional capacity with Legacy GRND. Prior to her work at GRND, she held key financial leadership roles at companies including Passport Labs, Masterclass, Disney Streaming Services, Bamtech Media, and Thomson Reuters.

Beyond her executive responsibilities at GRND, she has contributed to corporate governance through board memberships and advisory roles with several organizations, leveraging her extensive experience in scaling and managing financial operations globally.

Past Roles

OrganizationRoleDate RangeDetails
Skillz Inc. Independent Director October 2020 – March 2023 N/A
Passport Labs, Inc. Chief Financial Officer August 2021 – August 2022 N/A
Masterclass (Yanka Industries, Inc.) Chief Financial Officer December 2020 – September 2021 N/A
Disney Streaming Services Chief Financial Officer September 2017 – September 2020 Involved in the launch of Disney+
Bamtech Media Chief Financial Officer and Board Member September 2017 – August 2020 Led ESPN+ launch
Thomson Reuters Various Chief Financial Officer Roles 2007 – 2016 Roles included Reuters Media, Institutional Equities, and Wealth Management divisions
PricewaterhouseCoopers, Merrill Lynch, Morgan Stanley, and Credit Suisse Financial Roles Pre-2007 Positions held prior to other CFO roles

External Roles

OrganizationRoleDate RangeDetails
Bungalow Living, Inc. Non-Executive Member of the Board Since October 2021 N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$505,000 Annual, with periodic payments as determined by company payrollFixed annual salary; subject to annual review; unchanged from 2022
Signing Bonus$225,000 50% ($112,500) within 30 days of start date; 50% ($112,500) six months after start dateOne-time bonus; full payout contingent upon remaining employed through one-year anniversary
Time-Based RSUs486,000 RSUs (97,200 vested in 2023) Vests in equal installments on each anniversary of start date (2022–2026); 97,200 vested in 2023RSUs subject to continued employment in good standing; total award of 486,000 RSUs over five years

Performance Compensation

Data from  FY 2023

Annual Cash Bonus

MetricDetail
Performance TargetsEBITDA Margin: ≥ 40%; Revenue Growth: ≥ 25%
Target Bonus Opportunity60% of base salary (based on $505,000)
Actual Cash Bonus$393,300
Special Cash Bonus$400,000 awarded for exceptional performance
ConditionsAnnual bonus adjusted based on individual contribution and achievement of corporate goals

Performance-Based RSUs

MetricDetail
Market Capitalization ThresholdsFirst: $2.1B, Second: $2.8B, Third: $3.5B
RSU Value per ThresholdFirst: $1,633,333; Second: $1,633,333; Third: $1,633,334
Calculation MethodNumber of RSUs = Dollar Value / Average VWAP over the 90 trading days preceding the threshold being exceeded
Vesting ScheduleFully vested upon grant once the threshold is exceeded and conditions are met
Grant DateThe grant date is the date on which the applicable CFO threshold is exceeded; amended on November 29, 2023
Grant Date Fair ValueUp to $4,899,999 at the highest level of achievement, with an incremental increase of $2,140,877 from the amendment
Additional ConditionsContinuous employment in good standing; accelerated vesting upon a change in control if applicable