With Three-Year Revenue Growth of 4,914% Fueled by Increasing Demand for Corporate Meal Benefits, Sharebite Ranks No. 56 Among America’s Fastest-Growing Private Companies
NEW YORK, Aug. 13, 2024 /PRNewswire/ — Inc. revealed today that Sharebite, the leading meal benefits platform built exclusively for companies, ranks No. 56 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
Sharebite’s recognition comes as the company continues to experience hypergrowth, serving leading companies across nearly every single industry and firmly positioning itself as the category creator in the U.S. meal benefits space. Sharebite’s innovative, best-in-class solutions are built exclusively to help meet the evolving needs of companies, regardless of whether their employees are fully in the office, remote, or hybrid.
“It’s surreal to see Sharebite ranked among the most respected and fastest-growing companies in the country,” said Dilip Rao, CEO and Founder of Sharebite. “Our team has an unwavering commitment to getting every worker in America fed – that vision has been our guiding light even in the toughest moments, including when the pandemic challenged us to evolve, innovate, and adapt to new realities overnight. I’m proud of our growth trajectory, but I’m even prouder of the grit and resilience we’ve demonstrated over the past few years. Our team has earned every bit of this recognition, and I couldn’t be more excited to celebrate this achievement with them.”
Sharebite also secured the #2 ranking in the “Business Products and Services” category, highlighting a broader cultural shift across the corporate landscape, where meaningful employee benefits are essential. As companies navigate the complexities of today’s workforce that spans in-office, remote, and hybrid environments, meal benefits have become an important ingredient for employee satisfaction, retention, and engagement, thanks to its 95% utilization rate. Hundreds of industry-leading companies rely on Sharebite’s technology and product suite to feed their workers, whether they’re getting lunch delivered to the office via Sharebite Stations or by using Sharebite Passport to order from any restaurant, anywhere in the world.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
To learn more about how Sharebite partners with companies to feed their employees, visit here.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Sharebite
As the leading meal benefits platform built exclusively for companies, Sharebite enables the world’s best organizations to feed employees whether they’re in the office, remote, or hybrid through meal allowances — standardizing benefits, elevating employee engagement, fueling productivity, and building a sense of community. Sharebite’s vision is to get every worker in America fed, and its mission-driven model also helps combat food insecurity in local communities, as every transaction made on the platform results in a donation made to help feed someone in need, via its partnerships with Feeding America® and City Harvest.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
SOURCE Sharebite