Are you tired of swiping endlessly through countless profiles on dating apps, only to be left feeling disconnected and dissatisfied? Look no further than Coffee Meets Bagel! This groundbreaking dating app is changing the game by focusing on meaningful connections and quality conversations. Let’s dive into the world of Coffee Meets Bagel and explore its worth and success.
Making Meaningful Connections, One Conversation at a Time
Coffee Meets Bagel was founded by three visionary women who wanted to revolutionize the way people approach dating. With over 10 million downloads and more than 1 million active users each month, it’s safe to say that they’ve been successful. What sets this app apart from the rest is its unique approach to matching. Unlike other apps where you have an overwhelming number of profiles to swipe through, Coffee Meets Bagel curates matches based on your preferences and interests. Each day, you receive a carefully selected batch of matches, allowing you to focus on quality conversations instead of mindless swiping.
Impressive Growth and User Engagement
As of November 2018, Coffee Meets Bagel boasted over 6 million registered members and about 200,000 daily active users. The app has a global presence, operating in 24 countries. Its journey began in 2009 as a social networking site called “the bagel,” which eventually evolved into the online matchmaking service known today as Coffee Meets Bagel. In 2015, the app was acquired by IAC/InterActiveCorp.’s Match Group Inc., a dominant force in the dating industry.
Financial Success and Future Projections
With revenues of $71 million in 2017 and 2018, Coffee Meets Bagel has proven to be a lucrative venture. Looking ahead, the app is expected to double its revenue in 2019, solidifying its position as a prominent player in the dating app market. By expanding into new verticals such as dating apps and social media platforms, Coffee Meets Bagel aims to create a total annualized revenue run rate of $140 million by 2021.
A Bright Future for Coffee Meets Bagel
Coffee Meets Bagel’s outstanding growth in revenue and user engagement indicates that it is well-positioned for future success. With a potential user base of over 80 million singles in the U.S. alone, there is ample room for further expansion. The app seamlessly combines technology and human curation to provide users with a truly unique and effective dating experience.
Established in 2009 by Arum Kang and Dawoon Kang, Coffee Meets Bagel has grown into a global phenomenon. Its innovative approach to matchmaking has garnered widespread acclaim, attracting $15 million in funding from renowned investors such as Tiger Global Management LLC and Tao Capital Partners LP.
In conclusion, Coffee Meets Bagel is much more than just a dating app. It’s a platform that prioritizes meaningful connections and conscious conversations. With its impressive growth, financial success, and dedication to revolutionizing the dating scene, Coffee Meets Bagel is certainly worth your attention.
For more information about Coffee Meets Bagel and to embark on your own journey of meaningful connections, visit Marmalade Cafe.