Coffee Meets Bagel seems to be an online dating site. In the hope of inspiring love and dating for the heartbroken people, 3 sisters named Arum, Dawoon and Kang came up with this idea.
However, from the very beginning, the site was doing very well. Coffee Meets Bagel net worth is $150 million.
Let’s know more about this amazing dating site .
Beginning of the journey
The Kang sisters generated the idea of opening a site for the people who have lost hope and faith in relationships and love. They wanted to help people in finding the right person through the app. Thus, they launched the app ‘Coffee Meets Bagel’ on 17 April 2012.
Through the app, a person can find his potential partner from his Facebook account.
Growth and recognition
From the very beginning, the company said that they had raised seed funding of $600000. The co-founder of Match.com invested money for Coffee Meets Bagel too.
At first, they were New York city-based, later they launched their company in Boston and San Francisco. They even appeared in an episode of Shark Tank.
They made an offer of getting a $500000 investment, in return they will provide 5% of their business. This intrigued Mark Cuban, and he offered the sisters $30 million for the whole business.
Surprisingly the Kang sisters declined the offer. However, they continue growing and launched their company in Sydney and Hong Kong in 2015.
Awards and achievements
Since they launched, the site has made 50 million matches from the beginning. According to a report, more than 7 million users are connected to this app which is a great success. They won the shorty award in 2019 for making a marketing video for the first time.
According to recent research, it is estimated that the Coffee Meets Bagel net worth is $150 million. among strong competition, the company was able to raise a great fund of $7.8 million. Thus, not accepting the $500000 investment was not a bad decision for the Kang sisters.
Over a short period, Coffee Meets Bagels got huge responses from people around the world. From 2012 to 2021, almost 8 million users were connected to the app. They are one of the top-ranked dating apps.
At a glance
|Name||Coffee meets Bagel|
|Founders||Arum, Dawoon and Soo Kang|
|Founded||April 17, 2012|
|Headquarter||San Francisco, California, US|
|Industry type||Online dating|
|Net worth||$150 million|
From the simple idea of bringing 2 people together to share their life and interest, the coffee meets bagel walked a long way. The founders were very dedicated to their company which has led them to this position. Coffee meets bagel net worth and their ranking in the market is impressive.