iFork, utensils business was started by Kyle Donovan in 2017. As of October 2023, iFork net worth is $5 million. And they’re pulling in a whopping $7.1 million in annual revenue.
In January 2018, they appeared on season 9 of Shark Tank USA and made a deal with Barbara Corcoran, for $100,000 for 15% of equity. The final valuation was $666,666, down from the founder’s initial estimate of $2 million.
iFork is still in business. iFork is also facing some competition from other companies that are developing smart forks. For example, the company Hapifork has developed a smart fork that tracks eating habits. It provides feedback on eating speed and portion sizes. You can visit their official website for more details.
iFork Net Worth
| Net worth | $5 million (2023) |
| Annual Sales Revenue | $7.1 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Barbara Corcoran |
| Founder | Kyle Donovan |
| Employees | 30 employees |
iFork Net Worth Timeline
| Net Worth 2023 | $5 million |
| Net Worth 2022 | $5 million |
| Net worth valuation 2018 after appearing on Shark Tank | $666,666 |
| Net worth valuation 2018 before appearing on Shark Tank | $2 million |
iFork Pitch on Shark Tank
| Company name | iFork |
| Product | Utensils |
| Episode | Season 9 Episode 15 |
| Founder | Kyle Donovan |
| Asked for | $100,000 for 5% equity |
| Final deal | $100,000 for 15% equity |
| Shark | Barbara Corcoran |
| Location | Los Angeles, CA |
Don’t miss these product from Season 09
iFork Founder
iFork was founded by Kyle Donovan in 2017. Donovan is an entrepreneur and inventor who has a passion for helping people live healthier lives. He came up with the idea for iFork while he was on a diet and struggling to control his eating habits. iFork’s founder, Kyle Donovan, has a net worth of $4.2 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2018 | Appeared on Shark Tank season 08 and Barbara Corcoran invested $100,000 for 15% equity |
| 2020 | iFork releases the iFork Pro, which includes additional features such as a calorie counter and a nutrition tracker. |
| 2021 | iFork partners with Fitbit to integrate its data with the Fitbit app. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for iFork and its continued success.
