Java Matches Bagel Online Really worth

Ownered of the around three sisters Dawoon, Arum, and you can Soo Kang, this new dating site Java Fits Bagel (CMB) had papularity once they rejected a beneficial $29 million suggestion away from an extremely rich person Mark Cuban. The good news is, the ladies was in fact far more correct than simply completely wrong to make on the bargain. Coffees Matches Bagel net value carrying out doing 2024 is actually $150 mil. A fantastic valuation backed by $sixteen million when you look at the yearly money!

Towards Founders

Around three siblings, Dawoon, Arum, and Soo Kang, remaining Korea given that young adults and you can emigrated. They had higher level education in the united states. Arum attended Stanford University, Dawoon finished their own knowledge at the Parsons College or university from Construction, and you may Soo attended Harvard College or university.

The 3 of those discussed the problems of employing internet dating to get to know somebody one day. It came to the conclusion there was in fact so much more imaginative actions to manage an online dating app who does give more suitable fits.

They concept of Coffee Suits Bagel along these ways. Irrespective of with lucrative jobs already, the Kang sisters went with the decision to log off to alter the probability that the envision do be successful.

Beginning Java Fits Bagel

So you're able to obtain the technical info necessary to perform an online program, this new bold businesswomen relocated to San francisco bay area, California. Below annually try necessary to finish developing CMB.

The user feet and you may income flower rapidly, as well as experienced enormous achievement. But like any most other very early-stage startup, the company forgotten so many dollars a year due to dollars disperse factors. Very, the business's founders meant to join angel investors' direction.

Mountain with the Shark Tank

When you look at the 2015, Dawoon, Arum, and Soo arrived into Shark Tank's 6th year.