Sharebite, Inc.

Based in New York, NY, US, Sharebite, Inc. is a corporate food ordering and employee meal benefits platform, enhancing the dining experience for employees across various work environments. Founded in 2015, Sharebite, Inc. focuses on providing meal benefits and corporate catering solutions.

The company was co-founded by Ahsen Saber and is currently led by CEO Dilip Rao. Sharebite has successfully closed a total of 4 funding rounds, with the most recent deal in February 2024, where it raised USD 13. 554 mn through its Series C funding. The company's total amount raised to date stands at USD 13.

554 mn, with a current valuation of USD 228. 040 mn. Sharebite is recognized as a leading corporate food ordering and employee meal benefits platform designed to enhance the dining experience for employees across various work settings. The core offerings of Sharebite include a versatile meal card known as Passport, which allows employees to utilize meal stipends at any restaurant that accepts Visa or Mastercard, and curated group ordering options that facilitate team meals from a selection of top-tier restaurants.

Additionally, the platform features smart catering solutions powered by AI, enabling companies to choose between shared platters or individually packaged meals tailored to their preferences. Sharebite serves a diverse client base that includes enterprise-level companies across North America, aiming to address the challenges of employee engagement and satisfaction, particularly in the context of flexible work environments encompassing in-office, remote, and hybrid work models. Sharebite's revenue model is primarily driven by B2B transactions, where companies subscribe to the meal benefits platform to provide their employees with meal stipends and catering options. Clients engage with Sharebite through a structured partnership, facilitating bulk meal orders and catering services that cater to their workforce's needs.

The transaction process typically involves companies purchasing meal credits for employees, who then redeem these credits at participating restaurants or through the platform's catered services. Sharebite's flagship offerings, such as the Passport meal card and tailored catering options, contribute significantly to its revenue stream, with a pricing structure aligned with the specific services utilized by client companies. This systematic approach to meal provisioning ensures a seamless experience for both employers and employees while fostering higher engagement levels and satisfaction within the workplace. In February 2024, Sharebite, Inc.

raised USD 13. 55 million in Series C funding from unspecified investors, part of a larger USD 20 million Series C funding initiative. This financing will support upcoming product developments, including enhancements to the Passport meal card and expanded AI-driven catering solutions. Sharebite is also targeting expansion into additional North American markets by the end of 2024, focusing on enhancing its presence in regions with a high concentration of remote and hybrid work environments.