Back in January, I had blogged about the co-founders of the mobile dating app company Coffee Meets Bagel, Korean American sisters Arum, Dawoon, and Soo Kang. They appeared on the popular reality TV show Shark Tank trying to convince the Sharks to make a $500,000 investment for 5% of the company. Mark Cuban theoreitcally asked if the sisters would be willing to take a $30 million offer to buy the company. Without any hesitation, the sisters turned the offer down.
So the other night, I was watching ABC’s Nightline and saw that they were going to do a profile on them and the company. From the story, Coffee Meets Bagel has doubled its user base. On the Shark Tank show, I recall the sisters said they had between 500,000 to 1 million users. The online / mobile dating market is very competitive, so it’ll be interesting to see if the sisters can really grow their business to capture a good portion of the $2 billion a year annual industry.