Potato Parcel is a company that inscribes custom messages on potatoes. This was started by Alex Craig and Riad Bekhit in 2015. As of November 2023, Potato Parcel’s net worth is $1.75 million. They’re pulling in a whopping $7 million in annual revenue.
In 2016, they appeared on Season 08 of Shark Tank USA and made a deal with Kevin O’Leary for $50,000 for 10% of equity. The final valuation was $500,000, the same as the founder’s initial estimate.
Appearance on Shark Tank allowed Potato Parcel to grow its sales notably. Potato Parcel expanded its product line and is currently performing well in the market. You can customize your message on a potato via their company website.
Potato Parcel Net Worth
| Net worth | $1.75 (2023) |
| Annual Sales Revenue | $7 million (2023) |
| Profits | $10,000-13,000 |
| Lifetime sales | – |
| Investor | Kevin O’Leary |
| Founder | Alex Craig and Riad Bekhit |
| Employees | <10 |
Potato Parcel Net Worth Timeline
| Net Worth 2023 | $1.75 million |
| Net Worth 2022 | $1.75 million |
| Net Worth 2021 | $1 million |
| Net worth valuation in 2016 after appearing on Shark Tank | $500,000 |
| Net worth valuation in 2016 before appearing on Shark Tank | $500,000 |
Potato Parcel Pitch on Shark Tank
| Company name | Potato Parcel |
| Product | A company that inscribes custom messages on potatoes |
| Episode | Season 08 Episode 06 |
| Founders | Alex Craig and Riad Bekhit |
| Asked for | $50,000 for 10% equity |
| Final deal | $50,000 for 10% equity |
| Shark | Kevin O’Leary |
| Location | South San Francisco, California |
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Potato Parcel Founders
Alex Craig and Riad Bekhit founded Potato Parcel in 2015. Alex initially came up with the unique idea of the Potato Parcel. He is a graduate of the University of North Texas. He started his career as an App Developer, eventually exploring an entrepreneurial venture. Alex’s business partner and the co-founder of Potato Parcel, Riad Bekhit, has an academic background in Finance and Business Management. Potato Parcel’s founders, Alex Craig, and Riad Bekhit’s net worth is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Potato Parcel was featured in Shark Tank |
| 2018 | The company has sold over 70,000 potatoes since the pitch. |
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 Potato Parcel and its continued success.
