|Number of Employees:
|United States of America
|Products of Company:
|delivering potatoes with personalized messages
|Net Worth in 2024:
Potato Parcel is a very different kind of company which basically delivers potatoes in all part of the world with a slight twist. It is an online company, where you can order potatoes with some message written of them. It was a very different idea to create something that innovative, and it has worked extremely well. The site from which you can order these potatoes is PotatoParcel.com. The company is an American-based startup.
Alex Craig was the man behind this brilliant idea. He actually gets the idea of doing something like that from Reddit. A random guy sent a letter to someone, and the words were inscribed on a potato. He gets the idea of starting something like that, and he has gained huge success. The pricing is done in a very reasonable manner. A normal potato with a message inscribed in it costs you $4.99, whereas a special birthday one costs you around $24.99. It has various other varieties too, which can be easily chosen from the online site.
Well, how well do you know about Potato Parcel? If not much, we have compiled all you need to know about Potato Parcel’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about Potato Parcel to date.
Potato Parcel came into existence in 2015. It was founded by a guy named Alex Craig, who was a mobile app developer. He gets the idea of starting this potato parcel company from Reddit. He was so inspired by this that he used to buy potatoes of thousands of dollars, and later, he used to sell them with some message inscribed in them. His idea was growing steadily, but he wanted exponential growth. He was getting a profit of $10,000 to $13,000 per month, but he wanted to make the company global. He doesn’t want the company to be restricted to Dallas only.
Alex Craig went to Shark Tank to get some investors for his business and to increase its popularity too. He staked a price of $50,000 for 10% equity in his company. In the beginning, everyone was laughing at his idea, and no one was willing to give him their precious money.
Although, things changed drastically when he told them that, till now, he has sold a total of 12,000 messages on potatoes and has earned a total of $215,000. Everyone started to give him respect, and he got the deal that he wanted. Shark Kevin O’Leary accepted his offer and showed his belief in his idea. The entrepreneur was very happy after getting accepted there.
It was the beginning of Potato Parcel; now we will see how it has grown so much in very little time.
Potato parcel was growing exponentially, and many are willing to invest their money in it. Although, Alex Craig sold the company to Riad Bekhit for $40,000. Riad was an entrepreneur himself, and he evolved the company to a greater extent. He added the option of a postcard with potatoes. It is a picture of your friend or anyone you want that will be pasted on the potato. He moved the business to San Bruno, California. They started selling many different varieties of potatoes like Burlap Sack, Spooky Tater, Potato Pal, and many others.
The company started to earn massive profits, and they moved their business to many places like Canada, UK, Europe, Australia, and a few others. Since the time it came on Shark Tank, the company has seen significant growth. It has sold more than 70,000 parcels, and the total earnings are $70,000. He is also planning it is spread his business and make it a million dollars company. Many are copying his idea, and they are opening companies that stick a postcard on Eggplant.
Awards & Achievement’s
Well, to be honest, Potato Parcel has not received any specific award from showcasing, but the company has seen massive success in very little time. It has also inspired others to do something new and create a separate space. The company has a massive turnover, and it has now opened its business in United Kingdom, Australia, Europe, and many other places. Since it was introduced in Shark Tank, the company has seen a massive rise in its demands. So despite not winning any awards, it has won a lot of success, and in the end, that matters the most.
Net Worth & Earnings of Potato Parcel in 2024
As of 2024, Potato Parcel has earned a massive net worth of $1 million since the time of its inception. It was bought by Riad Bekhit for $42,000 in 2015, and from that time, it has grown significantly more. It was a brilliant idea at first, and despite not getting a lot of attention, the company became a massive success. Over the course of time, it has sold a total of 70,000 parcels and has had a revenue of $70,000. Riad has a salary in six digits, according to CNBC.
As to conclude things here, we can say that Potato Parcel was quite a different idea, and many would have ignored such an idea, but Alex was determined about it, and he was finally able to convince his companies worth in Shark Tank. Since its inception, it has gathered a huge success. Alex sold the company to Riad for $42,000, and he has taken it to another level. It’s because of his brilliance; the company has seen exponential growth.
It is still growing really fast, and it won’t be a surprise if it will become a multi-millionaire company. These kinds of thoughts and ideas are really appreciable, and people must not avoid them. Who knows, one day that guy might have the wealth to buy even those who ignored his once. We really appreciate such brilliant minds, and we are really looking forward to seeing some more phenomenal work from Potato Parcel.