Coffee Meets Bagel

Coffee Meets BagelThe Kang sisters, Aram, Da Woon, and Soo, pitch Coffee Meets Bagel, their dating app that leverages people's Facebook friends, in Shark Tank episode 611. Coffee meets Bagel operates on the assumption that friends, and friends of friends, are the best sources for quality dates.

When you join and download the app, each day at noon you are sent a potential date (bagel) based on your network of Facebook friends. You have 24 hours to decide whether to “like” or “pass” on this person. If both people click “like,” they get connected via SMS through a temporary phone number that expires in one week. Coffee Meets Bagel keeps things private and at arm's length until the two parties decide to take the next step and meet.

To date, the free app boasts 100,000+ monthly users. The Kangs likely want a Shark to help with monetization and to expand the app's reach.

Will the Sharks “like” or “pass” on Coffee meets Bagel?

Coffee Meets Bagel Shark Tank Recap

Aram, Da Woon, and Soo open the segment in their office. They tell how they immigrated from Korea as teens and how their dad worked hard to make sure they got good educations. They all left high paying jobs to start Coffee Meets Bagel.

In the Tank, they ask for $500K for 5% of the company. The questions fly after they explain the concept. The Kangs reveal they lost $1 million on $1 million in sales, all while taking $100K salaries. This doesn't sit well with the Sharks and they go out one by one. Mark comes back in right before a commercial break and asks if they'd take $30 million for the entire company. When they return from the break, the Kangs say no and gain Mark's respect (but not his money).

RESULT: NO DEAL

Coffee Meets Bagel Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Coffee Meets Bagel and the Kang sisters as more details become available.

Posts About Coffee Meets Bagel on Shark Tank Blog

What's Happening at Noon

Coffee Meets Bagel Company Information

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