Are you interested to know Coffee Meets Bagel’s net worth in 2023? In 2015, Coffee Meets Bagel pitched to the investment sharks on the show Shark Tank. One of the investors, Mark Cuban, even put forward an offer to purchase the company for a cool $30 million. But the founders politely declined the offer.
Its net worth in 2023 is expected to be around $150 million. The app has approximately 6 million users and has been featured in the New York Times, The Today Show, and more. Now, one of the most widely used dating apps available, it’s no surprise that the company’s net worth is in the millions.
What is Coffee Meets Bagel?
Coffee Meets Bagel is a free dating app targeting young professionals, claiming to provide one match, called a “bagel,” every day at noon.
According to the company, more than 100,000 couples have married after meeting on the app.
- Three sisters, Arum, Dawoon, and Soo Kang, launched the app on April 17, 2012, in New York City.
- It is designed to make meeting new people simpler and more convenient.
- It also aims to make lasting connections, not just random hookups.
- Their motto is “We believe in quality over quantity.”
What’s the Coffee Meets Bagel Story?
The founders of Coffee Meets Bagel, the innovative dating app allowing women to initiate interactions, were once in their 30s and single.
One day over a coffee break, they asked each other: “Why hasn’t anyone built a dating app that’s just as good for women as it is for men? Why do we have to settle for a system where people who don’t work as hard get rewarded more?”
They decided to build an app that would be just as good for women as it is for men by giving women what they wanted most: control.
It was 2012, and dating apps were still pretty new in the U.S. The founder sisters, Arum, Dawoon, and Soo Kang, revolutionized the dating world. They decided to create a dating app that would provide value above all.
Coffee Meets Bagel’s Net Worth in 2023
There’s no doubt that Coffee Meets Bagel is giving other dating applications like Tinder some tough competition. Coffee Meets Bagel is a privately held company and now is based in San Francisco, California, with around 50 employees.
As of 2023, its net worth is in the region of $150 million. If Coffee Meets Bagel maintains its upward trajectory, that number will rise considerably. To determine this figure the number of users, average per-user spending, and annual revenue had to be considered.
There are over $50 million matches every day, and that number continues to grow. Coffee Meets Bagel has some notable features, such as limited interaction opportunities with other profiles and ice-breaker information. Moreover, it was one of the first women-friendly dating apps out there. That makes it what it is today.
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