|Coffee Meets Bagel
|17 April 2012
|Arum Kang; Dawoon Kang; Soo Kang
|Number of Employees:
|United States of America
|Products of Company:
|San Francisco–based dating and social networking service
|Net Worth in 2024:
Love is one thing that has left many strong people at their weakest points in life. No matter how hard life can be, we always have a great desire of having someone to love and someone who can love us back. What we look forward to is to be in a relationship with someone who understands us better and are always ready to stand anything and pay any price to get someone they can rely on.
According to research done, it has been proven that every human being has a soft spot which can only be touched by someone they love and care about. No matter how strong someone is, when love comes into question, they forget who they are and all the titles the carry. At the same time, when someone suffers from a broken heart, it is the worst thing that can ever happen.
After considering all these things, three daughters named Arum Kang, Soo Kang and Dawoon Kang decided to look for a solution for people who were looking for love. After sitting down and deliberating, they realized that they are only able to love one man each which makes them a total of three. What this means is, the world will be full with many men and women whose hearts will be full of pain and deep desire of loving and being loved again.
Therefore, the realized the only way out was by coming up with a site where love birds would meet and socialize and if they were made for each other, a true relationship would begin. Coffee Meets Bagel was the best name of the site as many relationships start with a cup of coffee and the rest becomes history.
Well, how well do you know about Coffee Meets Bagel? If not much, we have compiled all you need to know about Coffee Meets Bagel’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about Coffee Meets Bagel to date.
Are you longing to enjoy how it feel like to love and be loved back? Have you tried looking for a soulmate at no avail? Worry no more, Coffee Meets Begel has got the answer for you. Coffee Meets Bagel is a site that was created by three sisters named Arum, Soo Kang and Dawoon and it was officially launched on the 17th lf April in 2012.
Five months after its launch, the company announced that they had managed to raise seed funding worth $600,000 funding that was led by Lightbank. Other investors like Peng T. Ong who is the founder of Match.com invested in the company. The company was launched on the 10th of May in 2012 in Boston and on 24th October 2012, they managed to launch it in San Francisco.
The three sisters were ready to do anything to ensure that this company succeeded including with talking with all the investors who would care to listen to them. At the same time, they secret of launching it in different stated in the United States was to ensure they got as many subscribers and users as possible. This was a company that was founded out of love and the main aim of these girls was to ensure that they met as many people as possible. They also looked forward to receiving positive results from the platform.
In January 2015, after the platform was launched, they decided to try their luck on Shark Tank and luckily, they got a chance to present their proposals to the Sharks. They were aware that this was a risk but since it was a risk that would lead to positive results every the Sharks bought their idea, they decided to give it a try.
And just as we all know, you cannot face the Sharks without a plan and they therefore sat down and drafted one. What they needed was to sell 5% of the business to the Sharks at $500,000. This was a very interesting offer to all the Sharks and after listening to what the girls had managed to earn in a period of three years showed it was a viable business.
One of the Sharks known as Mark Cuban decided to offer the girls a deal. The truth is, since the series Shark Tanks started, nobody has ever received such nobody or no company has ever received an offer like this company did. The only problem was that what Cuban offered them was not what they were looking for. Although the offer looked so good, they declined it and it brought a lot of backlash from the Sharks. This is because, Mark Cuban offered them $30 million but he was intending to buy the whole business which was impossible for the three girls.
Awards & Achievements
This is one of the fastest growing companies and one of the most famous dating sites we have. The company has managed to make over 50 million matches since 2012 when it was launched. As of 2019, 7 years after their launch, they had registered over 7 million users. In the same year, they won the Shorty Award which is a great sign of many to come.
Net Worth & Earnings of Coffee Meets Bagel in 2024
This company is said to have been launched in 2012 and it is doing pretty well. Thinking that the company was only in its formative years, many people would have expected them to jump on the order they receive from Mark Cuban. However, the trio knew the company was worth many more and for sure, as at now, 6 years after they declined the offer, the company is worth over $150 million as of 2024.
The three girls have proven that hard work and persistence pays. Today, they are a role model to many young people who have dreams of starting their own sites from scratch.