Siblings Soo, Arum and you will Dawoon Kang emigrated so you’re able to The united states off Korea at the an enthusiastic early age, to achieve the advantages of an initial-group studies. The father did every readily available time in order that their around three girl encountered the greatest ventures. His projects eventually reduced, they finished off Harvard, Stanford and also the Parsons School off Framework respectively, and they every began well-reduced jobs in their picked areas.
More than food someday, the three sisters began discussing dating, as well as the the most common they’d knowledgeable dating on the internet. All of them understood the type of matchmaking experience they would rather features, and you can not one of your own offered internet or programs considering their better feel. It decided that with the abilities they had between them, they might set up their particular online dating service, so you’re able to fill the subject in the industry. It soon put their bundle towards the process, quitting the worthwhile perform, and you may initiating the brand new Java Suits Bagel Business.
It relocated to San francisco bay area to support the fresh new tech set-up of the company and you may first started that have a dating internet site. The first organization and you may amount of profiles increased easily, and you may within this a year they’d install and introduced their unique Java Meets Bagel Application, however, as with every this new initiate-ups bucks-move are a large challenge to help quick increases. Seeking to next capital they placed on appear 
on Shark Tank, was indeed recognized and searched with the inform you from inside the .
Coffee Fits Bagel into the Shark Tank
The fresh new Kang sisters entered the brand new Shark Tank looking to get an excellent shark spouse who does dedicate $five hundred,100000 in return for 5% guarantee from the providers.
It went from the thought of the Coffee Fits Bagel dating software. Arum described it as in a position to ‘Profoundly change the ways individuals meet and fall in love’. New app grabbed old-fashioned online dating however, matched they which have aspects out of social network, so that profiles do select other profiles exactly who common shared family members with them towards Myspace, and thus raising the possibility of compatibility between the two.
Robert Herjavec queried exactly what the link with bagels are, and you may Arum said one regardless if internet dating was an ever before more common way to fulfill some one, there can be still a good stigma attached to profiles. The company name try on purpose vague in regards to the qualities given, to produce a variety of magic code ranging from users.
Kevin inquired about the company model, and you will Dawoon explained one whilst center properties have been absolve to users, additional superior functions could well be ordered, as with any other digital dating software. Arum elaborated which includes a great deal more great things about Coffee Meets Bagels. Due to the fact profiles was in fact acquired regarding Facebook, they were not necessary in order to complete a lengthy and you may obtrusive survey to participate, rather, they might sign up through Fb in less than one minute.
Coffees Matches Bagel Improve – How it happened After Shark Tank
Kevin O’Leary questioned just how many profiles was indeed currently signed up for this service membership, and Arum turned elusive. She unveiled there had been ‘Several hundred thousand’ profiles currently, however, even after many stress off Mark Cuban and you may Kevin, she would not reveal the particular count.
Robert Herjavec joined into the to your probing, inquiring as to the reasons the latest shape try like a secret. Arum began to chat however, was quickly disrupted by the Mark. This new millionaire Texan got heard enough evasion from the siblings and you will quickly decrease away.
Kevin is amazed at brand new secrecy and you can told you so. Robert Herjavec is willing to move forward for the moment, he inquired just what sales was attained towards the business.
Arum affirmed that earlier in the day year’s conversion process of $87,100 got with ease surpassed in the first four weeks of the modern season, which have transformation up until now of $270,one hundred thousand. Total transformation to the end of the season have been projected so you can better $1 million, and you can $10 mil is estimated for the following 12 months.