Today, Sharebite has been named to the Inc. 2021 Best in Business list, winning the Gold medal in the Software category. The second annual list recognizes 147 small- and medium-size privately held American businesses that have had an outstanding influence on their communities, their industries, the environment, or society as a whole. Of the 147 recipients, 38 businesses were awarded gold medals across their industry categories.
Following initial exponential growth in early 2020, Sharebite grappled with new and hard decisions, similar to what many other companies faced at the onset of the pandemic. During this time, Sharebite’s leadership decided that this crisis presented an opportunity to double down on its mission-driven DNA of doing the right thing for its stakeholders, including employees, restaurant partners and customers.
In order to retain all of its employees, Sharebite’s Co-Founders Dilip Rao, CEO, and Mohsin Memon, COO reduced their salaries to zero and the rest of the management team cut their salaries in half starting March 16, 2020. Sharebite also proactively waived commissions and fees for the majority of 2020 to provide relief for its struggling restaurant partners. In addition to providing security to their employees and partners, Sharebite gave back to frontline staff by providing 1 million lunches to hospitals between the months of March through June 2020 and donated 400,000 pounds of food to City Harvest to help children facing hunger in NYC on December 31, 2020. Currently, every order placed on Sharebite results in a meal donated to help feed children facing hunger in local communities, courtesy of the company’s partnership with City Harvest and Feeding America.
“We’re honored to be a part of the Inc.’s Best in Business list this year, “ said Dilip Rao, CEO and Co-Founder of Sharebite. “Our goal as a company is to do well by doing good and Mohsin and I can’t thank our team enough for working together to get us where we are now. We look forward to even greater initiatives in 2022 to pave the wave for our industry as well as give back to our community.”
Scott Omelianuk, editor-in-chief of Inc., says, “What began for us during the pandemic as an effort to showcase companies that were helping the community has grown into a recognition of social, environmental, and economic impact. The companies on this year’s list are changemakers with heart – and they’re pouring the best of their business into the people and communities around them.”
Following the pandemic, Sharebite has emerged as a leader in the corporate food ordering space. In May 2021, Sharebite announced its $15M capital raise. Now, they’ve seen a 30x increase in order volume this year, growing 50% MoM for the past 6 months, and they are 13x over their pre-COVID highs. The Company looks forward to continued expansion in 2022.
To learn more about Sharebite, visit https://sharebite.com.
Rather than relying on quantitative criteria tied to sales or funding, Inc.’s editors reviewed the companies’ achievements over the past year and noted how they made a positive difference in the world. They then selected honorees in more than 49 different industries – from finance to software to engineering to fashion, and more – and in age-based and revenue-based categories. The applicant pool was extremely competitive, with around 2,700 entries and an acceptance rate in the low single digits – a huge success for these honors in the list’s second year. Honorees for gold, silver, bronze, and general excellence across industries and categories are featured online at inc.com/best-in-business.
ABOUT INC. MEDIA:
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the Inc. 5000 allows these founders a chance to engage with their peers in an exclusive community with the credibility to help drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
Sharebite is a mission-driven food ordering platform built exclusively for workplaces. Companies that partner with Sharebite save money, inspire their workforce, support local restaurants, and commit to helping the community. Core to Sharebite’s mission is the belief that each and every stakeholder must benefit from the existence of Sharebite. Every order placed on the Sharebite platform results in a donation made to alleviate childhood hunger in local communities, via its partnership with City Harvest. Sharebite’s restaurant partner network includes over 3,000+ merchants across the United States, which are all curated specifically for corporate clients. Sharebite’s corporate clients include a majority of the top law firms in New York City, along with many of the most prestigious investment banks, private equity & hedge funds, tech companies, consulting firms, marketing agencies and real estate firms across the country.
Sharebite is headquartered in New York City, with operations in Chicago, the Bay Area (San Francisco/Oakland), Austin, Charlotte, Irvine, and Washington, DC
North 6th Agency for Sharebite
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