THE NEXT HINT - Coffee Meets Bagel is a San Francisco-based dating app that emphasizes serious relationships with features like detailed profiles and limited matches to encourage thoughtful engagement. Launched in 2012 by sisters Arum, Dawoon, and Soo Kang, the app gained popularity after appearing on Shark Tank in 2015. Initially funded by Lightbank and a co-founder of Match.com with $600K, it later rejected a $30M offer from Mark Cuban on the show, and has since raised $23.2M in funding. However, it faced challenges such as a data leak in 2019 and a system outage in 2023. As of 2024, it struggles to gain users amidst competition from Hinge and Tinder. Coffee Meets Bagel claims to generate $16M in annual revenue.
by Aditi Raj
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