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Today Shark Tank: How’s Coffee Meets Bagel Doing?

Shark Tank offers entrepreneurs during the early phases of developing their company an opportunity that is amazing gain money to advance their organizations further. A vast range of business ideas have been presented to the Sharks over the years. While many among these have already been a flop, there were numerous innovative and unique companies that have impressed the Sharks while they revealed huge potential. One such indisputable fact that the Sharks revealed fascination with was Coffee Meets Bagel.

Coffee Meets Bagel is just a dating and social network website that had been launched in April 2012 by siblings Arum, Dawoon, and Soo Kang. The siblings made a bid for investment in an bout of Shark Tank that aired in January 2015. They desired a good investment of $500,000 in return for 5% of the company.

Their pitch impressed the Sharks so much that Mark Cuban made the biggest bid when you look at the reputation for the show. In place of providing the siblings the $500,000 they wanted for a 5% stake, he offered them $30 million for the whole business. This bid astounded people and even astonished Cuban’s fellow Sharks.