“Coffee Meets Bagel” got featured on Shark Tank America in January 2015. Arum Kang, Dawoon Kang, and Soo Kang founded it. It has a net worth of around 150 Million USD as of 2023. Since appearing on Shark Tank, Coffee Meets Bagel has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of 150 Million USD.
Shark Tank is a popular TV show where aspiring entrepreneurs pitch their business ideas to a panel of successful investors, known as “sharks.”
| Coffee Meets Bagel’s Net worth before appearing on Shark Tank | 12.5 Million USD (business valuation) |
| Coffee Meets Bagel’s Current Net worth (2023) | 150 Million USD |
| Episode | Season 06 Episode 13 |
| Company name | Coffee Meets Bagel |
| Product | Quality dating service for singles |
| Founder | Arum Kang, Dawoon Kang, Soo Kang |
| Asked for | $500,000 for 4%Equity |
| Final deal | Offer Declined ( Mark Cuban was offered 30 Million USD for 100% Equity and Kang Sisters rejected the offer. It was the biggest cash offer in shark tank history) |
| Shark | No shark |
| Business status | In Business |
| Location | San Francisco, California, United States |
Coffee Meets Bagel’s founders, Arum Kang, Dawoon Kang, and Soo Kang, have a net worth of 100 Million USD as of 2023.
Also if you want to read further details about Coffee Meets Bagel, Read here: What happened After Shark Tank & The Latest Update & Their Story So Far
Key accomplishments:
| Year | Accomplishment |
| 2012 | Launched the Cofee Meets Bagel app with a very special algorithm (Facebook data using a machine learning algorithm) |
| 2015 | In January, featured on Shark Tank USA and rejected Mark Cuban’s offer, shark tank’s Biggest cash offer ever. |
| 2015 | End of the year raised funds for the app and with a few rounds, Kang’s sisters were able to make 23.2 Million USD including Atami Capital and DCM Ventures. |
| 2019 | CMB reported that their app was attacked and it caused a 6 Million users’ data leaking. But soon they recovered from their loss. |
| 2023 | As of 2023, they have over 5 million downloads from the google play store and 137,194 ratings from Apple AppStore. And also they reported they have over 10 Million users for the app. |
Conclusion:
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future of Coffee Meets Bagel and its continued success.