Incredible Eats is a brand that produces edible cutlery made from organic, vegan, gluten-free ingredients. This unique cutlery is designed to be consumed alongside the food it holds, making mealtime more enjoyable.
The edible spoons and sporks are primarily made from wheat, oats, corn, chickpeas, and brown rice. They maintain their shape for 30 to 45 minutes in hot soup and can be used for cold desserts. With a shelf life of six months, these products come in various flavors, including vanilla, black pepper, chocolate, and oregano chili.
In addition to spoons and sporks, the company offers bags, with the Incredible Bag V2 priced at $9.99. Spoons and sporks range from $9 to $25, and each box contains 15 individual spoons or sporks. These products are available on Amazon and the company’s official website.
| Company Name | incrEDIBLE Eats |
| Founder | Dinesh Tadepalli |
| Founded | 2018 |
| Product | Edible cutlery which will work to replace plastic cutlery. |
| Asked For | $500k for 7% equity |
| Final Deal | $500k for 15% equity |
| Shark | Lori Greiner |
| Episode (Shark Tank USA) | S13 E3 |
| Air Date | Oct 22, 2021 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Milpitas, California, United States |
| Lifetime Worth (Sales) | $11M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Incredible Eats?
Dinesh Tadepalli is the Co-Founder and Chief Spoon Seller of Incredible Eats, which he helped establish in 2018. Dinesh holds a Bachelor of Engineering from Anna University and an M.S. in Electrical Engineering from the University of Southern California.
Before starting Incredible Eats, he worked as a Staff Design Engineer at SanDisk for one year and then spent two years as an ASIC Design and Implementation Engineer at Altera. In 2018, he also became an angel investor in Kulfy, a leading platform for GIF generation and micro-content in India.
Currently, Dinesh serves as a SoC Design Manager at Intel Corporation while managing his own company, Incredible Eats.
How Was The Shark Tank Pitch Of Incredible Eats?
Dinesh Tadepalli entered Shark Tank seeking $500,000 for a 7% equity stake in his company, Incredible Eats. He shared detailed insights into his business journey and sales reports, noting that he had sold 1.2 million edible spoons within two years, generating $170,000 in profit. The cost to produce a spoon is $0.10, while it retails for $0.20.
Lori Greiner expressed enthusiasm for the product, stating she would definitely buy it. In 2019, Incredible Eats primarily operated in the B2B food service sector, but the onset of COVID-19 in 2020 forced Dinesh to pivot to B2C sales. During this transition, he invested time in personal development, reading six books, and developed his own product packaging and website.
Barbara Corcoran deemed the concept challenging and practical, ultimately deciding to withdraw from the investment. Daniel Lubetzky criticized the $170,000 in lifetime sales, arguing it didn’t justify the $7.1 million valuation, leading him to also exit. Kevin O’Leary praised Dinesh’s engineering background but questioned the company’s valuation, offering $500,000 for a 35% equity stake.
Mark Cuban recognized the product’s potential for widespread distribution in grocery stores and restaurants, making an offer of $500,000 for 20% equity. Lori Greiner matched with an offer of $500,000 for 15% equity, while Daniel proposed $500,000 for 25% equity.
Dinesh countered with an offer of $500,000 for 12% equity, but all the sharks declined. Afterward, Mark Cuban opted out, and Dinesh ultimately accepted Lori Greiner’s offer.
Finalize: Lori Greiner Invest $500K in ‘Incredible Eats’ for 15% Equity.
What Happened To Incredible Eats After Shark Tank?
Incredible Eats had a successful journey on Shark Tank, impressing all the sharks except Barbara Corcoran with its unique concept of replacing plastic cutlery. The co-founder, Dinesh Tadepalli, proudly shared that his company had replaced 1.2 million plastic spoons.
Prior to the show’s airing, Incredible Eats secured a $200,000 investment from Big Idea Ventures in a seed round on April 19, 2021. Following the episode, many on Twitter praised the business idea. In October 2021, Mayor TJ Cawley met with Dinesh to discuss his venture. By November 2022, Dinesh revealed in an interview with 9and10 News that the company had successfully replaced 5 million plastic spoons.
Dinesh announced plans to launch his product in Canada by the end of 2022. Additionally, in January 2022, Incredible Eats partnered with Dippin’ Dots, the beaded ice cream brand, to provide edible cutlery. Their products are now available in 50 states and seven countries.
Dinesh pitched his idea effectively on Shark Tank, leading to a deal with Lori Greiner. After the show, the company experienced a surge in orders and hired several new employees to keep up with demand. Thanks to his foresight in developing manufacturing equipment, Dinesh faced minimal challenges in production.
Currently, Dinesh is focusing on international expansion and is in discussions with major ice cream retailers, airlines, and fast-food companies. By November 2022, Incredible Eats was projected to reach nearly $1 million in sales. We’ll continue to follow Dinesh Tadepalli and his company’s progress for further updates.
What Is Incredible Eats Net Worth?
Incredible Eats is experiencing impressive growth and is focusing on developing new edible cutlery products. Dinesh Tadepalli has expressed his ambition to introduce his products across various sectors, including ice cream, soups, and desserts.
Currently, the estimated worth of Incredible Eats ranges from $0.6 million to $0.8 million. In contrast, the company’s valuation during its appearance on Shark Tank was set at $3.3 million. This discrepancy highlights the challenges and opportunities that come with scaling a unique business in a competitive market.
Yes, Incredible Eats is still in business as of December 2022.
