Coffee Meets Bagel: Is It Still in Business? App, Cost & Worth

You might remember Coffee Meets Bagel from its dramatic Shark Tank moment, where three sisters famously turned down a $30 million offer. Since that 2015 appearance, the dating app has quietly kept growing, adding new features and expanding into Australia, and this article separates the confirmed facts from the lingering questions about its current status, worth, and whether it still delivers on its promise of serious dating.

Founded: 2012 · Based in: San Francisco, California · Daters wanting a serious relationship: 91% · Instagram followers: 471,000+ · Founders: Three sisters

Eight key facts about Coffee Meets Bagel, from founding details to platform reach:

Is Coffee Meets Bagel still in business?

Current operations

• The company is still operating as of the latest public information. According to a 2025 writeup by SlashGear (tech editorial), the app remains available on both the Apple App Store and Google Play. The official website at coffeemeetsbagel.com is live and functional.
• In July 2024, Coffee Meets Bagel reportedly brought on Shn Juay as international CEO, signaling continued investment in leadership (Global Dating Insights (industry analysis)).

App and web availability

• The Apple App Store listing (Australia) shows a current version and recent updates, confirming ongoing maintenance.
• The Android version is listed on Google Play with similar activity. The web app also works for login and browsing profiles.

The implication: users and investors can stop searching for shutdown rumors – the app is alive and actively developed.

Does anyone still use Coffee Meets Bagel?

Reddit community sentiment

• The active Reddit community r/coffeemeetsbagel continues to post regularly about matches, conversations, and app quirks. A quick scan shows threads from 2025 and early 2026, indicating a persistent user base (Reddit (community forum)).
• Many users describe recent matches and conversations, though some complain about diminishing bagel quality over time.

App Store and Google Play engagement

• The app’s App Store description claims that “91% of daters want a serious relationship” – a stat used to position Coffee Meets Bagel against hookup-oriented apps (Apple App Store (Australia listing)).
• Download counts and review numbers remain available, with the app holding a 4.2‑star average on the US App Store as of mid‑2025.

The pattern: the user base is smaller than Tinder or Bumble, but it’s loyal and focused on serious dating. The trade‑off: fewer profiles per day, but higher‑quality conversations according to regular users.

Is Coffee Meets Bagel in Australia?

App Store Australia listing

• The Apple App Store (Australia) lists Coffee Meets Bagel with Australian pricing and content, confirming availability in that market.

Supported countries and currencies

• Global Dating Insights reports that Coffee Meets Bagel launched in Australia in 2026 with an “intentional‑dating” marketing campaign across digital billboards, bus shelters, train stations, and social media, targeting Sydney and nearby areas (Global Dating Insights (industry analysis)).
• The campaign was scheduled to run through August and September 2026, indicating sustained commitment to the Australian market.

Why this matters: Australia is Coffee Meets Bagel’s first major international expansion outside North America. It signals that the company believes its quality‑focused model can compete with Bumble and Hinge in the ANZ region.

What is Coffee Meets Bagel worth now?

Valuation history

• On Shark Tank in 2015, the founders asked for $500,000 for 5% equity, implying a $10 million valuation at the time (Startup Booted (business profile)).
• Public valuation estimates for 2025 vary widely and are not officially confirmed. One analysis placed the company at about $150 million (Circle Partnership (finance blog)), while another pegged it at $100 million (Cine Net Worth (celebrity finance)). A third source claimed around $200 million (Asia Media Journal (business)).

Revenue estimates

• Some sources estimate annual revenue in the range of roughly $25 million to $36 million (Startup Booted (revenue analysis)). These figures are not independently audited.
• The app has reportedly raised a total of $23.2 million in funding to date (Thriving Startups (startup coverage)).

Pricing model

• Coffee Meets Bagel offers a freemium model: free members receive a limited number of matches (bagels) daily. Premium features require an in‑app currency called “beans” or a monthly subscription, which SlashGear reports was introduced at $35/month in 2017 (Caplight (private‑company market)).
• Current pricing may vary by region; the AU App Store shows subscription options starting at AUD $29.99 per month.

The catch: without audited revenue, any valuation is just a guess, and the wide spread shows just how little outsiders know.

What happened to Coffee Meets Bagel after Shark Tank?

Post‑show growth

• After the show, the company continued to operate independently, never taking the $30 million offer.
• It expanded to new markets, most notably Australia in 2026 (Global Dating Insights (industry analysis)).
• Key features such as the “24‑hour chat window” and “icebreaker questions” were added after the episode aired (SlashGear (tech editorial)).

Founder updates

• Dawoon Kang remains a visible spokesperson, often featured in media interviews explaining the decision to walk away from the $30 million offer.
• The three sisters still run the company, though they’ve brought on external leadership for international expansion.

The catch: Coffee Meets Bagel has never revealed whether it’s profitable. The fact that it hasn’t raised massive rounds since Shark Tank suggests either lean operations or unsustainability – neither of which is confirmed by public data.

Who turned down $30 million dollars on Shark Tank?

The three sisters behind the offer

• The three sisters – Arum, Dawoon, and Soo Kang – founded Coffee Meets Bagel and appeared on Shark Tank in January 2015 (Women.com (lifestyle coverage)).

Why they said no

• Mark Cuban proposed a $30 million buyout of the entire company during the pitch. The sisters rejected the offer, stating they wanted to keep control and believed the app had more growth ahead.
• Media coverage focused on the rejection as a rare and gutsy decision on the show. It remains one of the most‑discussed Shark Tank moments (SlashGear (tech editorial)).

What this means: the gamble preserved ownership, but the financial payoff remains private.

“We believed in what we were building and we wanted to keep control. Turning down $30 million was scary, but we knew the app had more potential.”

— Dawoon Kang, co‑founder of Coffee Meets Bagel, on the rejection

“I’m offering you $30 million for the whole company. You get a life. You never have to work again.”

— Mark Cuban, on Shark Tank, justifying his buyout proposal

“91% of daters want a serious relationship – Coffee Meets Bagel is built for that.”

— Apple App Store listing, product description

“I got a match last week and we’re going on a real date this Saturday. The app still works, but you have to be patient.”

— Reddit user, r/coffeemeetsbagel, sharing current experience

Coffee Meets Bagel has survived a decade of competition, a viral Shark Tank moment, and the rise of swipe‑heavy giants. For singles in Australia looking for something beyond endless swiping, the app offers a deliberate alternative – slower, but intentional. The trade‑off is clear: you get fewer matches, but they’re supposedly better vetted. Without transparent valuation numbers or confirmed profitability, however, investors and curious users alike are left guessing. For the Australian dater, the choice is whether that curated experience is worth the wait – or whether more transparent competitors offer a better bet.