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iFork Net Worth 2024 Update (Before & After Shark Tank)

iFork-Shark-Tank-US-Net-worth

iFork, utensils business  was started by Kyle Donovan in 2017. As of May 2024, iFork net worth is $5.1 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$5.1 million (2024)
Annual Sales Revenue$7.1 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorBarbara Corcoran
FounderKyle Donovan
Employees30 employees

iFork Net Worth Timeline

Net Worth 2024$5.1 million
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 nameiFork
ProductUtensils
EpisodeSeason 9 Episode 15
Founder Kyle Donovan
Asked for$100,000 for 5% equity
Final deal$100,000 for 15% equity
Shark Barbara Corcoran
LocationLos Angeles, CA

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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 unavailable as of 2024. However, according to the deal of the Shark Tank pitch, he had 85% equity in the company. Therefore Kyle Donovan should have more than $566K net worth as of 2024.

Key accomplishments

YearAccomplishment
2018Appeared on Shark Tank season 08 and Barbara Corcoran invested $100,000 for 15% equity 
2020iFork releases the iFork Pro, which includes additional features such as a calorie counter and a nutrition tracker.
2021iFork 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.

What do you think?

Written by GAG Team

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