Potato Parcel Shark Tank – Founder, Net Worth, and Investment
Potato Parcel became an overnight sensation on Shark Tank, revolutionizing the world of quirky gifts. Founders Riad Bekhit and Alex Craig captured the attention of the Sharks with their unique concept of sending customized potato greetings. Dressed as potatoes themselves, the duo showcased their seasonal offerings and asked for a $50,000 investment in exchange for a 10% equity stake in the company.
The charismatic founders revealed that they had already sold an impressive 12,000 potato greetings, generating $215,000 in sales. The Sharks were initially skeptical but were captivated by the revenue figures. After some negotiation, the founders accepted Kevin O’Leary’s offer, which included the original ask plus a royalty per potato. This marked a significant milestone for Potato Parcel, propelling it towards even greater success.
Key Takeaways:
- Potato Parcel caught the attention of the Sharks on Shark Tank with its unique concept of sending customized potato gifts.
- Founders Riad Bekhit and Alex Craig dressed as potatoes during their pitch, showcasing their seasonal offerings.
- Potato Parcel had already sold 12,000 potato greetings, generating $215,000 in sales before appearing on Shark Tank.
- The founders accepted Kevin O’Leary’s offer, which included the original ask plus a royalty per potato.
- The successful pitch on Shark Tank propelled Potato Parcel towards continued growth and success.
The Origins of Potato Parcel
Potato Parcel, a company known for its unique concept of sending customized potato messages, was founded by Alex Craig in 2015. The idea came to Craig after he stumbled upon a picture of potatoes with stamps on them. Intrigued by the unconventional nature of this concept, he envisioned a fun and unique alternative to traditional greeting cards and flowers.
To bring his idea to life, Craig teamed up with Riad Bekhit, who later bought out Craig’s share of the business. Together, they set out to revolutionize the gifting industry by offering personalized messages on potatoes. This quirky and humorous approach quickly caught the attention of customers who were looking for a one-of-a-kind way to express themselves.
“We wanted to create something that would make people smile and surprise them. Sending a customized message on a potato seemed like the perfect way to do that,” says Alex Craig, co-founder of Potato Parcel.
Unlike traditional greeting cards that often end up stashed away or discarded, a personalized potato message provides a unique and memorable keepsake. Whether it’s a birthday, anniversary, or just a way to say “thank you,” Potato Parcel allows customers to express their sentiments in a playful and unexpected manner.
With its origins rooted in a wacky idea, Potato Parcel has achieved remarkable success and continues to bring smiles to people’s faces with its customized potato messages.
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The Shark Tank Pitch
During their Shark Tank pitch, the Potato Parcel team made a memorable impression by dressing up in potato costumes. This quirky and attention-grabbing approach immediately captured the Sharks’ interest. To showcase the personalization aspect of their concept, the founders handed out samples of potatoes with each Shark’s face printed on them.
The Potato Parcel team revealed impressive revenue figures during their pitch. They disclosed that the company had already sold 12,000 potato greetings, generating a total of $215,000 in sales. These numbers effectively demonstrated the market demand for their unique product and caught the attention of the Sharks.
The revenue figures presented by the founders were a turning point in the pitch. Initially skeptical, the Sharks became increasingly interested as they realized the potential profitability of Potato Parcel. The success of the company’s sales figures highlighted the viability of the business and intrigued the investors.
Intrigued by the Potato Parcel concept and the revenue potential, the Sharks engaged in further discussions with the founders, paving the way for negotiation and potential investment opportunities.
The Sharks’ Response
When the founders of Potato Parcel made their pitch on Shark Tank, the Sharks had mixed reactions. Mark Cuban, known for his straightforward approach, described the idea as “stupid on a stick.” Daymond John and Lori Greiner were also unconvinced about the potential success of customized potato gifts.
However, not all the Sharks dismissed the concept. Robert Herjavec saw some potential in the business and offered an alternative deal. But in the end, the founders accepted an offer from Kevin O’Leary.
“The Sharks’ reactions to Potato Parcel were mixed, but ultimately, Kevin O’Leary’s offer sealed the deal.”
Kevin O’Leary, often referred to as “Mr. Wonderful,” believed in the scalability of Potato Parcel and made an offer that included a royalty per potato sold. This deal appealed to the founders, and they saw O’Leary as the right partner for their business.
Shark | Reaction |
---|---|
Mark Cuban | Described the idea as “stupid on a stick” |
Daymond John | Unconvinced about the potential success of the concept |
Lori Greiner | Skeptical about the viability of customized potato gifts |
Robert Herjavec | Saw potential in the business and offered an alternative deal |
Kevin O’Leary | Made an offer that included a royalty per potato sold, which the founders accepted |
Current Status and Net Worth
Potato Parcel is still going strong, continuing to thrive after its appearance on Shark Tank. Since then, the company has experienced significant growth and success. As of 2020, Potato Parcel has sold over 70,000 potatoes and has reported yearly sales in the six-figure range. Numerous estimates value the company at an impressive $1.75 million.
The company offers a wide range of products and options to cater to various customer preferences. In addition to personalized potato messages, Potato Parcel also provides potato bundles that include delightful add-ons like chocolates and other complementary items. These unique offerings have contributed to the company’s ongoing success and popularity.
Looking ahead, Potato Parcel plans to further expand its product range, providing even more opportunities for customers to personalize their gifts and make memorable impressions. By continuously innovating and offering creative alternatives, Potato Parcel aims to remain a go-to choice for individuals seeking distinctive and humorous gift options.
Similar Companies
Although Potato Parcel may seem like a unique concept, there are other companies that have adopted a similar idea. These companies offer alternatives to Potato Parcel, providing customers with fun and creative ways to send personalized messages and gifts.
Brick or Potato
Brick or Potato is a company that allows customers to send either a brick or a potato as a unique and unexpected gift. Whether it’s a playful prank or a humorous surprise, customers can choose between these two unconventional options to make their message stand out.
Potato Messenger
Potato Messenger is another company that has embraced the idea of sending customized potatoes. In a remarkable display of creativity, they once sent a thousand painted potatoes arranged as a rainbow flag to the Australian Parliament. Their commitment to delivering memorable and expressive messages sets them apart.
In addition to Brick or Potato and Potato Messenger, several other companies offer similar services with the delivery of fresh food items. These include Bananas Gone Wild, Nannergram, and Eggplant Mail. These companies provide customers with alternative mediums for expressing their sentiments, creating unique and surprising experiences.
The Founder’s Journey
Riad Bekhit, the founder of Potato Parcel, is an innovative and daring entrepreneur who is not afraid to think outside the box. Based in San Francisco, Bekhit has made a name for himself with his unique and unconventional business idea: sending personalized messages on potatoes. Despite initial doubts and skepticism, Potato Parcel has blossomed into a success story, with annual sales reaching six figures and over 70,000 potatoes sold since the company’s memorable appearance on Shark Tank.
From the very beginning, Riad Bekhit’s vision for Potato Parcel was to challenge the traditional notion of gift-giving. With his wacky idea of sending customized messages on potatoes, Bekhit turned heads and captured the imaginations of customers seeking a unique and unforgettable way to express themselves. His commitment to providing a one-of-a-kind gifting experience has firmly established Potato Parcel as a distinctive and beloved brand.
What started as a quirky concept has evolved into a thriving business, thanks to Beckit’s determination to make his vision a reality. By embracing the unexpected and pushing the boundaries of traditional gifting, he has created a brand that truly stands out in a crowded marketplace.
Despite encountering initial resistance, Riad Bekhit’s persistence and entrepreneurial spirit have paid off. Today, Potato Parcel is celebrated for its ability to deliver laughter and surprise through a humble yet extraordinary medium: the potato. With its continued success and ever-growing customer base, Potato Parcel has redefined the art of gift-giving and transformed a seemingly wacky idea into a triumph.
The Success of the Potato Parcel Concept
Despite its unconventional nature, Potato Parcel has achieved remarkable success and received positive reception from customers. The founders of Potato Parcel view their business as more than just a potato company—it is a gifting company that offers a unique and alternative medium for sending messages.
Customers now use Potato Parcel in the same way they would use traditional greeting cards, recognizing the company’s ability to provide a creative and surprising gift option. The personalized messages on the potatoes add a unique and humorous touch, making Potato Parcel stand out as an innovative and memorable gifting experience.
Key Factors of Potato Parcel Success | Customer Reception |
---|---|
Unique and alternative gift concept | Positive feedback and customer reviews |
Humorous and personalized messages on potatoes | Increased demand and repeat customers |
Creative and surprising gift option | Word-of-mouth referrals and social media buzz |
Customer Testimonial:
“I never thought receiving a potato could be so fun and meaningful. Potato Parcel turned a simple gesture into a memorable and cherished gift. It’s the perfect alternative to traditional greeting cards!” – Michelle T.
The Acquisition and Growth
Riad Bekhit acquired Potato Parcel from Alex Craig in 2015 for $42,000, marking a turning point in the business.
Since then, Potato Parcel has experienced significant growth, with sales reaching $10,000 per month by August 2015.
The appearance on Shark Tank further boosted the company’s visibility and contributed to its continued success and revenue increase.
Key Benefits of the Potato Parcel Acquisition:
Benefits | Details |
---|---|
Increased Business Growth | The acquisition allowed Potato Parcel to expand its operations and attract more customers, resulting in increased revenue and business growth. |
Broader Market Reach | Riad Bekhit’s acquisition of Potato Parcel opened up opportunities to tap into new markets and reach a wider audience, driving further growth and success. |
Enhanced Product Offerings | With the acquisition, Potato Parcel was able to introduce new and innovative product offerings, catering to evolving customer preferences and demands. |
In Riad Bekhit’s hands, Potato Parcel flourished, paving the way for its remarkable business growth and continued success. The acquisition not only provided the necessary resources and expertise but also propelled the company toward new heights.
Kevin O’Leary’s Investment
Kevin O’Leary, one of the Sharks on Shark Tank, recognized the potential of Potato Parcel and made an enticing investment offer. He proposed investing $50,000 in exchange for 10% equity in the company. However, O’Leary didn’t stop there. To sweeten the deal, he also suggested an additional offer – a royalty agreement.
Under this agreement, O’Leary would receive a royalty for every potato sold by Potato Parcel. This incentive added a new dimension to the investment and sealed the deal for the founders, Riad Bekhit and Alex Craig. With the additional royalties, Potato Parcel gained access to O’Leary’s expertise and network, further fueling the company’s growth.
The partnership between Kevin O’Leary and Potato Parcel showcases the potential for success when entrepreneurs connect with experienced investors. It is a testament to the power of strategic investments and the belief in a unique and innovative business concept.
The Royalty Agreement
“I believe in royalties. I think it’s the only way I can make any money here. I don’t know if I’m going to sell enough potatoes, but if I do, I’ll make a fortune!” – Kevin O’Leary
The royalty agreement offered by Kevin O’Leary guarantees him a percentage of every potato sale made by Potato Parcel. This means that as the company grows and scales, O’Leary stands to benefit from its success. It serves as a win-win situation, aligning the interests of the founders and the investor.
This unique arrangement highlights O’Leary’s investment strategy, which prioritizes potential future returns. By securing a share of the company’s ongoing success, he continues to reap the rewards as Potato Parcel flourishes.
Investment | Royalties | |
---|---|---|
Kevin O’Leary | $50,000 for 10% equity | Percentage of potato sales |
This table provides a summary of Kevin O’Leary’s investment and the royalty agreement:
- Investment: O’Leary provided $50,000 in exchange for a 10% equity stake in Potato Parcel.
- Royalties: O’Leary’s additional offer included receiving a percentage of every potato sold by the company.
With this investment and royalty agreement in place, Potato Parcel gained not only the financial support of Kevin O’Leary but also the expertise of a seasoned investor. This partnership set the stage for continued growth and success for the quirky potato gift revolution.
Ordering and Products
Looking to surprise your friends and family with a unique and hilarious gift? Look no further than Potato Parcel! With our easy-to-use website and a wide range of product options, you can create the perfect personalized potato gift.
Ordering from Potato Parcel is a breeze. Simply visit our website and browse through our selection of product options. Whether you want to send a Potato Pal, a potato topped with a photo of someone’s face, or a bundle that includes chocolates along with the potato, we have something for every occasion.
Our website is designed to make the ordering process as smooth as possible. Just follow these simple steps:
- Select your desired product from our menu.
- Customize your potato gift by uploading a photo or adding a personalized message.
- Choose any additional options or add-ons to make your gift even more special.
- Provide the recipient’s address and complete the payment process.
- Sit back and relax while we handle the rest. We’ll make sure your potato gift is delivered with a smile!
At Potato Parcel, we understand that different occasions call for different gifts. That’s why we offer a variety of options to suit every celebration. From birthday bundles to Mother’s Day specials, you’ll find the perfect potato gift for any event.
So why wait? Visit our website today and start spreading the potato joy with Potato Parcel!
The Future of Potato Parcel
Potato Parcel is poised for an exciting future as the company continues to experience remarkable growth and success. With a focus on innovation, the company has ambitious plans to expand its product range, offering customers even more options to personalize their gifts.
By listening to customer feedback and staying on top of emerging trends, Potato Parcel aims to remain a popular choice for those seeking unique and memorable gifts. The company’s commitment to creativity and attention to detail sets it apart in the gifting industry.
As Potato Parcel expands its product range, customers can look forward to an even wider selection of customized options. From personalized potato greetings to bundles featuring additional items like chocolates, the possibilities are endless. The company’s goal is to provide customers with a diverse range of choices to suit any occasion.
With its continued growth and commitment to excellence, Potato Parcel is set to navigate new horizons and redefine the gifting experience. Stay tuned for more exciting updates as the company continues its journey of spreading joy one potato at a time!
FAQ
How did the founders come up with the idea for Potato Parcel?
Alex Craig, the founder of Potato Parcel, saw a picture of potatoes with stamps on them and came up with the concept of sending customized messages on potatoes. He later teamed up with Riad Bekhit to bring the idea to life.
How did Potato Parcel perform on Shark Tank?
The founders dressed as potatoes during their Shark Tank pitch and showcased their seasonal offerings. They asked for a ,000 investment for 10% equity and revealed that they had sold 12,000 potato greetings, generating 5,000 in sales. They ultimately accepted Kevin O’Leary’s offer.
What was the Sharks’ response to Potato Parcel?
The Sharks had mixed reactions to the Potato Parcel pitch. While Mark Cuban likened it to “stupid on a stick,” Robert Herjavec offered an alternative deal. Ultimately, Mark Cuban, Daymond John, and Lori Greiner opted out of investing, and the founders accepted Kevin O’Leary’s offer.
What is the current status and net worth of Potato Parcel?
Potato Parcel is still in operation and has sold over 70,000 potatoes since appearing on Shark Tank. As of 2020, the company has reported yearly sales in the six figures, with some sources estimating its value to be
How did the founders come up with the idea for Potato Parcel?
Alex Craig, the founder of Potato Parcel, saw a picture of potatoes with stamps on them and came up with the concept of sending customized messages on potatoes. He later teamed up with Riad Bekhit to bring the idea to life.
How did Potato Parcel perform on Shark Tank?
The founders dressed as potatoes during their Shark Tank pitch and showcased their seasonal offerings. They asked for a ,000 investment for 10% equity and revealed that they had sold 12,000 potato greetings, generating 5,000 in sales. They ultimately accepted Kevin O’Leary’s offer.
What was the Sharks’ response to Potato Parcel?
The Sharks had mixed reactions to the Potato Parcel pitch. While Mark Cuban likened it to “stupid on a stick,” Robert Herjavec offered an alternative deal. Ultimately, Mark Cuban, Daymond John, and Lori Greiner opted out of investing, and the founders accepted Kevin O’Leary’s offer.
What is the current status and net worth of Potato Parcel?
Potato Parcel is still in operation and has sold over 70,000 potatoes since appearing on Shark Tank. As of 2020, the company has reported yearly sales in the six figures, with some sources estimating its value to be
FAQ
How did the founders come up with the idea for Potato Parcel?
Alex Craig, the founder of Potato Parcel, saw a picture of potatoes with stamps on them and came up with the concept of sending customized messages on potatoes. He later teamed up with Riad Bekhit to bring the idea to life.
How did Potato Parcel perform on Shark Tank?
The founders dressed as potatoes during their Shark Tank pitch and showcased their seasonal offerings. They asked for a ,000 investment for 10% equity and revealed that they had sold 12,000 potato greetings, generating 5,000 in sales. They ultimately accepted Kevin O’Leary’s offer.
What was the Sharks’ response to Potato Parcel?
The Sharks had mixed reactions to the Potato Parcel pitch. While Mark Cuban likened it to “stupid on a stick,” Robert Herjavec offered an alternative deal. Ultimately, Mark Cuban, Daymond John, and Lori Greiner opted out of investing, and the founders accepted Kevin O’Leary’s offer.
What is the current status and net worth of Potato Parcel?
Potato Parcel is still in operation and has sold over 70,000 potatoes since appearing on Shark Tank. As of 2020, the company has reported yearly sales in the six figures, with some sources estimating its value to be
FAQ
How did the founders come up with the idea for Potato Parcel?
Alex Craig, the founder of Potato Parcel, saw a picture of potatoes with stamps on them and came up with the concept of sending customized messages on potatoes. He later teamed up with Riad Bekhit to bring the idea to life.
How did Potato Parcel perform on Shark Tank?
The founders dressed as potatoes during their Shark Tank pitch and showcased their seasonal offerings. They asked for a $50,000 investment for 10% equity and revealed that they had sold 12,000 potato greetings, generating $215,000 in sales. They ultimately accepted Kevin O’Leary’s offer.
What was the Sharks’ response to Potato Parcel?
The Sharks had mixed reactions to the Potato Parcel pitch. While Mark Cuban likened it to “stupid on a stick,” Robert Herjavec offered an alternative deal. Ultimately, Mark Cuban, Daymond John, and Lori Greiner opted out of investing, and the founders accepted Kevin O’Leary’s offer.
What is the current status and net worth of Potato Parcel?
Potato Parcel is still in operation and has sold over 70,000 potatoes since appearing on Shark Tank. As of 2020, the company has reported yearly sales in the six figures, with some sources estimating its value to be $1.75 million.
Are there similar companies to Potato Parcel?
Yes, there are other companies that offer similar services. Brick or Potato allows customers to send either a brick or a potato, while Potato Messenger sent a thousand painted potatoes arranged as a rainbow flag to the Australian Parliament. Other companies like Bananas Gone Wild, Nannergram, and Eggplant Mail offer similar services with the delivery of fresh food items.
Who is the founder of Potato Parcel, and what is his journey?
The founder of Potato Parcel is Riad Bekhit. He is a young entrepreneur with a passion for unique and unconventional business ideas. He acquired Potato Parcel from Alex Craig in 2015 and has since grown the business into a success story.
How has Potato Parcel been received by customers?
Despite its unconventional nature, Potato Parcel has garnered positive reception from customers. The founders view the company as a gifting company rather than just a potato company, as customers use the service in the same way they would use greeting cards. The personalized messages on the potatoes provide a unique and humorous touch.
What is the story behind the acquisition and growth of Potato Parcel?
Riad Bekhit acquired Potato Parcel from Alex Craig in 2015 for $42,000. Since then, the company has experienced significant growth, with sales reaching $10,000 per month by August 2015. The appearance on Shark Tank further boosted the company’s visibility and contributed to its continued success and revenue increase.
What was Kevin O’Leary’s investment in Potato Parcel?
Kevin O’Leary saw potential in Potato Parcel and offered a $50,000 investment for 10% equity in the company. In addition to his initial offer, O’Leary proposed a royalty agreement where he would receive a royalty per potato sold. The founders accepted O’Leary’s offer.
How can customers order from Potato Parcel?
Customers can order personalized potato gifts directly from the Potato Parcel website. The ordering process is simple, and customers can choose from various product options such as the Potato Pal, which is a potato topped with a photo of someone’s face, or bundles that include chocolates along with the potato.
What does the future hold for Potato Parcel?
Potato Parcel plans to expand its product range and offer more options for customers to personalize their gifts. With their innovative and creative approach, Potato Parcel aims to remain a popular choice for those looking for unique and memorable gifts.
.75 million.
Are there similar companies to Potato Parcel?
Yes, there are other companies that offer similar services. Brick or Potato allows customers to send either a brick or a potato, while Potato Messenger sent a thousand painted potatoes arranged as a rainbow flag to the Australian Parliament. Other companies like Bananas Gone Wild, Nannergram, and Eggplant Mail offer similar services with the delivery of fresh food items.
Who is the founder of Potato Parcel, and what is his journey?
The founder of Potato Parcel is Riad Bekhit. He is a young entrepreneur with a passion for unique and unconventional business ideas. He acquired Potato Parcel from Alex Craig in 2015 and has since grown the business into a success story.
How has Potato Parcel been received by customers?
Despite its unconventional nature, Potato Parcel has garnered positive reception from customers. The founders view the company as a gifting company rather than just a potato company, as customers use the service in the same way they would use greeting cards. The personalized messages on the potatoes provide a unique and humorous touch.
What is the story behind the acquisition and growth of Potato Parcel?
Riad Bekhit acquired Potato Parcel from Alex Craig in 2015 for ,000. Since then, the company has experienced significant growth, with sales reaching ,000 per month by August 2015. The appearance on Shark Tank further boosted the company’s visibility and contributed to its continued success and revenue increase.
What was Kevin O’Leary’s investment in Potato Parcel?
Kevin O’Leary saw potential in Potato Parcel and offered a ,000 investment for 10% equity in the company. In addition to his initial offer, O’Leary proposed a royalty agreement where he would receive a royalty per potato sold. The founders accepted O’Leary’s offer.
How can customers order from Potato Parcel?
Customers can order personalized potato gifts directly from the Potato Parcel website. The ordering process is simple, and customers can choose from various product options such as the Potato Pal, which is a potato topped with a photo of someone’s face, or bundles that include chocolates along with the potato.
What does the future hold for Potato Parcel?
Potato Parcel plans to expand its product range and offer more options for customers to personalize their gifts. With their innovative and creative approach, Potato Parcel aims to remain a popular choice for those looking for unique and memorable gifts.
Are there similar companies to Potato Parcel?
Yes, there are other companies that offer similar services. Brick or Potato allows customers to send either a brick or a potato, while Potato Messenger sent a thousand painted potatoes arranged as a rainbow flag to the Australian Parliament. Other companies like Bananas Gone Wild, Nannergram, and Eggplant Mail offer similar services with the delivery of fresh food items.
Who is the founder of Potato Parcel, and what is his journey?
The founder of Potato Parcel is Riad Bekhit. He is a young entrepreneur with a passion for unique and unconventional business ideas. He acquired Potato Parcel from Alex Craig in 2015 and has since grown the business into a success story.
How has Potato Parcel been received by customers?
Despite its unconventional nature, Potato Parcel has garnered positive reception from customers. The founders view the company as a gifting company rather than just a potato company, as customers use the service in the same way they would use greeting cards. The personalized messages on the potatoes provide a unique and humorous touch.
What is the story behind the acquisition and growth of Potato Parcel?
Riad Bekhit acquired Potato Parcel from Alex Craig in 2015 for ,000. Since then, the company has experienced significant growth, with sales reaching ,000 per month by August 2015. The appearance on Shark Tank further boosted the company’s visibility and contributed to its continued success and revenue increase.
What was Kevin O’Leary’s investment in Potato Parcel?
Kevin O’Leary saw potential in Potato Parcel and offered a ,000 investment for 10% equity in the company. In addition to his initial offer, O’Leary proposed a royalty agreement where he would receive a royalty per potato sold. The founders accepted O’Leary’s offer.
How can customers order from Potato Parcel?
Customers can order personalized potato gifts directly from the Potato Parcel website. The ordering process is simple, and customers can choose from various product options such as the Potato Pal, which is a potato topped with a photo of someone’s face, or bundles that include chocolates along with the potato.
What does the future hold for Potato Parcel?
Potato Parcel plans to expand its product range and offer more options for customers to personalize their gifts. With their innovative and creative approach, Potato Parcel aims to remain a popular choice for those looking for unique and memorable gifts.
.75 million.
Are there similar companies to Potato Parcel?
Yes, there are other companies that offer similar services. Brick or Potato allows customers to send either a brick or a potato, while Potato Messenger sent a thousand painted potatoes arranged as a rainbow flag to the Australian Parliament. Other companies like Bananas Gone Wild, Nannergram, and Eggplant Mail offer similar services with the delivery of fresh food items.
Who is the founder of Potato Parcel, and what is his journey?
The founder of Potato Parcel is Riad Bekhit. He is a young entrepreneur with a passion for unique and unconventional business ideas. He acquired Potato Parcel from Alex Craig in 2015 and has since grown the business into a success story.
How has Potato Parcel been received by customers?
Despite its unconventional nature, Potato Parcel has garnered positive reception from customers. The founders view the company as a gifting company rather than just a potato company, as customers use the service in the same way they would use greeting cards. The personalized messages on the potatoes provide a unique and humorous touch.
What is the story behind the acquisition and growth of Potato Parcel?
Riad Bekhit acquired Potato Parcel from Alex Craig in 2015 for ,000. Since then, the company has experienced significant growth, with sales reaching ,000 per month by August 2015. The appearance on Shark Tank further boosted the company’s visibility and contributed to its continued success and revenue increase.
What was Kevin O’Leary’s investment in Potato Parcel?
Kevin O’Leary saw potential in Potato Parcel and offered a ,000 investment for 10% equity in the company. In addition to his initial offer, O’Leary proposed a royalty agreement where he would receive a royalty per potato sold. The founders accepted O’Leary’s offer.
How can customers order from Potato Parcel?
Customers can order personalized potato gifts directly from the Potato Parcel website. The ordering process is simple, and customers can choose from various product options such as the Potato Pal, which is a potato topped with a photo of someone’s face, or bundles that include chocolates along with the potato.
What does the future hold for Potato Parcel?
Potato Parcel plans to expand its product range and offer more options for customers to personalize their gifts. With their innovative and creative approach, Potato Parcel aims to remain a popular choice for those looking for unique and memorable gifts.