It might be challenging to date online. It is perplexing and frustrating to a lot of individuals. This issue was noticed by the sisters Soo Kang, Arum Kang, and Dawoon Kang. Their goal was to facilitate internet dating. Coffee Meets Bagel is what they came up with.
Users of this dating service have greater control. They are also able to locate better matches because of it. In Season 6 the sisters presented their concept on Shark Tank. They want $500,000 in exchange for 5% of their business.
The website was already expanding. Machine learning for better matching was one of its fascinating characteristics. Additionally, virtual cash was utilized to access hidden features. One of the sisters even claimed to have found love on the website.
But the sharks had difficult questions. The sisters kept their user numbers to themselves. Will the entrepreneur get a deal on Shark Tank? Check out the Coffee Meets Bagel update to find out!
Coffee Meets Bagel Net Worth Shark Tank Update 2025
Arum, Dawoon, and Soo Kang went on Shark Tank asking for $500,000 for 5% of their company. This meant they thought their business was worth $10,000,000. They famously turned down Mark Cuban’s $30 million offer to buy the company. The episode was aired on January 9, 2015. The dating app remains active and continues to grow internationally. Using the viral/heavy-traction method, the current net worth of Coffee Meets Bagel is estimated to be around $150–200 million in 2025.
The business continued to expand after Shark Tank. Coffee Meets Bagel introduced new features while remaining online. These days, they emphasize online dating. This has gained a lot of popularity. Every day, millions of individuals utilize the app. Smartphones can be used. The website links single people worldwide.
The company is still in operation in 2024. The sisters continue to work for the firm. But the business isn’t making as much money as they had intended. Features are being improved in an effort to draw in more people. The app is available on both their website and app stores. Coffee Meets Bagel is still operational and beneficial for those who want to date online.
Shark Tank did not offer the sisters a deal to stay. They want $500,000 in exchange for 5% ownership. The sharks didn’t accept. The sisters’ refusal to divulge their user numbers infuriated Mark Cuban. He left right away.
Their high valuation caused problems for the other sharks. They also objected to the sisters receiving annual salaries of $100,000. The sharks began to doubt the company’s viability as a result. None of the sharks had made a bid by the conclusion. The sisters’ company kept expanding in spite of this.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Coffee Meets Bagel Shark Tank pitch
In order to facilitate online dating, sisters Soo Kang, Arum Kang, and Dawoon Kang founded Coffee Meets Bagel. They were aware of how awkward dating sites can be. A lot of individuals were afraid to use them. Coffee Meets Bagel’s name demonstrates how easy dating may be. It also protects users’ privacy.
The sisters’ own experiences inspired the concept. Dating applications were complex and hard for them to use. Better was what they wanted. Coffee Meets Bagel matches individuals using technology. Users may choose who they wish to meet thanks to it as well. Dating seems safer and more intimate as a result.
Initially, the sisters encountered several obstacles. The app has to be created from the ground up. They also required funding to expand the business. At first, it was difficult to find users. They put a lot of effort into making the app better and more widely used. They also required funding to expand the business. At firs,t it was difficult to find users. They put a lot of effort into making the app better and more widely used.
The sisters hoped to wow the sharks when they presented Coffee Meets Bagel. They began by outlining the issue with dating online. They demonstrated the unique features of their app. The software matched users using a clever algorithm. Users might also earn virtual cash for exclusive features. This increased people’s power.
The sisters want $500,000 with a 5% stake. As a result, the business was valued at $10 million. Since the app’s revenues had quadrupled, they thought this was reasonable. The amount increased from $87,000 to $270,000 in a single year. They demonstrated their commitment to expanding the company.
The sharks initially approved of the concept. But they were anxious about the high worth. The sisters also declined to disclose the app’s user count. This raised more concerns. Despite their good pitch, the sharks were unsure about investing.
Coffee Meets Bagel was the subject of several queries from the sharks. Mark Cuban was curious about the app’s user count. This information was not disclosed by the sisters. They said that the figures were unimportant. This infuriated Mark. He thought they were concealing something.
Kevin O’Leary enquired as to how the software generated revenue. Most features were free, the sisters clarified. Premium features might be purchased by users. These included opening secret choices or running into friends you had in common. Kevin wanted to learn more but he believed this was clever.
Robert Herjavec enquired about sales for the business. According to the sisters, revenues increased from $87,000 to $270,000 in a single year. He was impressed but he was still not sure. Barbara Corcoran thought the concept was good but she had concerns about the business plan.
The sisters’ incomes were another question the sharks enquired. Each sister stole $100,000 annually from the business. This was too much for the sharks. They believed the sisters were embezzling funds that might be utilized to expand the company.
The first person to go was Mark Cuban. The sisters’ refusal to divulge user numbers upset him. It was difficult to trust them because of this he claimed.
According to Kevin O’Leary, the valuation was excessive. According to him, the business was not worth $10 million. Additionally, he disapproved of the sisters’ high incomes.
Kevin and Robert Herjavec were in agreement. He believed that the corporation should concentrate on expanding. It was not a good indicator to accept a large salary.
Barbara Corcoran found the concept appealing. However, the figures did not sit well with her. She believed that the sisters’ transparency was lacking.
Lori Greiner left as well. The idea was nice but she didn’t think it was worth the money.
All of the sharks eventually left. The sisters left without a deal.
What Went Wrong With Coffee Meets Bagel On Shark Tank?
A number of issues plagued Coffee Meets Bagel on Shark Tank.
First important information was not shared between the sisters. Mark Cuban was curious about the number of active users on the app. They wouldn’t respond. The sharks lost faith as a result. Second, the business was worth a lot of money. The sisters want $500,000 with a 5% stake. This gave the business a $10 million valuation. This was too much for the sharks.
Third, the sisters received high compensation. Every year, each sister made $100,000. This was deemed excessively excessive by the sharks for a developing business. Ultimately the sisters’ business plan failed to persuade the sharks. The sharks had too many worries but they loved the idea.
Product Availability
You can still get Coffee Meets Bagel today. There are millions of users on this well-known dating app. The app is user-friendly and compatible with smartphones.
The platform has special characteristics. It matches users using a clever algorithm. Virtual cash may also be earned by individuals. This opens up unique features.
You may download the app for free. However certain features are paid for. Users who want more perks can upgrade to premium.
Coffee Meets Bagel is accessible all around the world. It is available for download on Google Play or the App Store. The business has a web page as well.
Over time more features have been added to the app. It now provides choices for virtual dating. This makes it easier for people who live far apart to connect.
Conclusion
Coffee Get-togethers Bagel struggled on Shark Tank. Without a settlement, the sisters departed. But they continued to develop their business.
Coffee Meets Bagel is still expanding today. Millions of people have downloaded the app. It assists users in finding partners and provides special features.
The difficulties of launching a firm are demonstrated by Coffee Meets Bagel’s path. It also demonstrates how crucial maintaining concentration is. The sisters keep refining their platform. It appears that Coffee Meets Bagel has a bright future.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
