Dating App Mark Cuban Wanted to Buy for $30 Million on Shark Tank – Looper

Even though they couldn’t land a deal on “Shark Tank,” the Chang sisters never slowed down in their quest to make their dating service, Coffee Meets Bagel, one of the best any app store has to offer. The team would eventually raise money through DCM Ventures and Atami Capital, totaling over $20 million in investments. The company has had a slow and steady rise, with some notable bumps along the way. Perhaps the most significant was a data breach in 2019 where the names and email addresses of several users were leaked.

Despite these hiccups, Coffee Meets Bagel has managed to do very well for itself. The app continues to appear on the top lists of dating apps and video chat features implemented during the 2020 COVID-19 pandemic. As of 2023, up to 25,000 relationships have originated with Coffee Meets Bagel . The company itself has become a huge money maker, with annual revenue of $16 million and an estimated value of $150 million. It might have been incredible to pass up Mark Cuban’s offer, but it looks like the sisters’ plans have paid off in the long run.

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