As of 2022, Incredible Eats has a net worth of $10,000,000.
Every day, single-use plastics are thrown away, harming our environment. In America alone, we use 500 million plastic straws daily, and that’s a staggering amount of plastic disposed of improperly.
That’s where Incredible Eats comes in to help make a difference; they are passionate about eliminating single-use plastics and replacing them with eco-friendly alternatives.
Keep reading to learn more about Incredible Eats and the spoons you can eat!
What Is Incredible Eats?
Incredible Eats is a business dedicated to reducing the number of harmful single-use plastics. They do this by providing sustainable, edible utensils, including items such as straws, spoons, chopsticks, and sporks.
By making its products available to businesses and consumers, Incredible Eats help reduce plastic waste each year. The company’s production process is also “carbon and plastic negative,” which means that for every product they sell, they offset the carbon and plastic produced from manufacturing.
If you’re looking for a way to reduce your reliance on disposable plastics, look no further than Incredible Eats. Their spoons are high-quality, delicious, healthy, and eco-friendly. And the company’s goal is to help save the planet – so you can feel good about using their products!
Incredible Eats Founder Dinesh Tadepalli
Desh Tadepalli founded Incredible Eats. He is passionate about environmentalism and sustainability. After witnessing the harmful effects of plastic pollution firsthand, he decided to do something about it. And so, Incredible Eats was born!
Dinesh believes that small changes can have a big impact, so he created eco-friendly alternatives to single-use plastics. He constantly innovates new ways to reduce plastic waste, and his products have been featured in magazines and television. He has also been on Shark Tank, where he successfully pitched his business to the sharks.
It’s also notable that Dinesh sold his California home and moved to North Carolina to pursue this dream. He continues to promote sustainable living and hopes to inspire others to do the same. So, he asks: “Did you eat your spoon today”?
Incredible Eats on Shark Tank
Incredible Eats founder Dinesh pitched for $500k funding in exchange for a 7% stake in his company. This investment would enable him to take his business of saving the planet one spoon at a time to the next level.
Having already invested nothing in marketing and sold over 1.2 million spoons, Dinesh was confident that the company could achieve great things with widespread marketing and expansion.
During the pitch, he explained that millions of plastics are disposed of daily and are not safe for the environment. Dinesh maintained that Incredible Eats solves that problem with its innovative edible spoons you can eat after your meal.
The sharks were impressed with Dinesh’s passion and drive, as well as the company’s incredible potential. But despite delivering a top-notch pitch, the sharks had reservations about how much financial value the business could bring.
That said, Dinesh still received four offers from the sharks but not at the 7% stake he was offering. After a few minutes of consideration, hesitation, and a counteroffer, he accepted Lori Greiner’s $500k for a 15% stake in the business.