We are in the world run completely, and now because of pandemics, the digital space has only seen an increase since then. Look back, and you may see the beginning of 2010s and beginning of 2021s are quite different, and this is bound to go on. Similarly, the dating phenomenon has transitioned as well for years, and it continues to do so with dating apps in the 21st Century. We have an abundance of dating app trying to bring something unique, and one of them is Coffee Meets Bagel that has made its presence felt in the past decade. So here we are taking look at Coffee Meets Bagel and its Net Worth In 2021 and how it has increased in the time being.
Coffee Meets Bagel is probably the 21st century’s pivotal dating apps. From receiving funding from Match.com, one of the first dating apps. To receive a huge offer from one of the Notable investors. The company has grown due to the bold decisions of the owners. The ones which may seem risky. But the Kang sisters who formed the company have proven the decisions to be worth risk-taking. Thus we come here breaking down the journey of Coffee Meets Bagel that makes the company’s Net Worth today.
Coffee Meets Bagel Net Worth In 2021
Coffee Meets Bagel Net Worth in 2021 is around $150 million in 2021. The company’s Net Worth is bound to grow in the coming years. Even though the dating apps as a market has grown quite big since the company formed in 2012. There is no looking back as Arum, Dawoon, and Soo Kang previously faced the same problems when it comes to growing. They even declined the offer from Mark Cuban and had more faith in themselves on running the company. A bad move considered by many at that time. But the faith has brought them this far and Coffee Meets Bagel is here to stay for sure despite and is part of the big leagues since it formed.
Coffee Meets Bagel Formative Years
Arum, Dawoon, and Soo Kang came together to form Coffee Meets Bagel back in 2012. The app came in to help every individual out there looking for love. The singles, the lonely ones, the brokenhearted ones, the ones looking for friends. The main motive of forming Coffee Meets Bagel was always the same, which is love. So in case, you were struggling to find someone you can share your heart with. Someone you can share your experiences and be ready to have free time with. Kang Sister’s Coffee Meets Bagel filled in the gap for you.
Coffee Meets Bagel made its presence launching on 17th of April in 2012. in New York through iOS first. Following that, it slowly trickled towards the Android OS. Following the release, soon into five months, the company raised funding of $600,000. Peng T. On, the founder of Match.com invested as well, which helped the company to grow in Boston and San Francisco. Thus, the next goal for the sisters was to make sure Coffee Meets Bagel reaches the entire country step by step.
The Road Of Success
Post their formative success, the Kang sisters decided to take Coffee Meets Bagel on Shark Tank. They wanted to sell 5% of the business to the Sharks. So there was an intricate plan from the sisters as they went onto the show. Coffee Meets Bagel was already a big hit and had a future for sure, which couldn’t have been denied at that time. Thus, Mark Cuban had a vision.
So hearing from the sisters and about Coffee Meets Bagel, Mark Cuban went on to offer them a deal worth $30 million for the company. It was considered the largest offer ever made on the show, which garnered a lot of eyeballs towards Coffee Meets Bagel. Unfortunately, the Kang Sisters turned the offer down, opting to run it on their own. It was a bold move at that time since the offer was great but still, since then the company has managed to grow despite competition from the likes of Tinder.
Today, there are more than $50 million matches which are increasing on daily basis. Some of the most notable features for using Coffee Meets Bagel are probably the limitation of profiles one can interact with and having ice-breaker information. Plus the fact it was one of the first women-friendly dating apps to come around. This makes it the success it is today.