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§ Private Profile · New York City, NY, USA
Sharebite is a technology company.
Sharebite delivers a corporate meal benefits platform, providing flexible food programs for businesses. Offerings include virtual meal allowances via Sharebite Passport, group orders through Sharebite Stations, and corporate catering. The platform supports diverse work models, integrating a one-for-one donation where each ordered meal combats food insecurity.
Founded in 2016 by Dilip Rao and Mohsin Memon, Sharebite emerged from a profound personal insight. After a severe accident and witnessing food insecurity, Dilip Rao envisioned a business with inherent societal impact. This led to a company resolving challenges for enterprises and communities, embedding purpose at its core.
Sharebite serves diverse enterprise clients, from financial to technology firms, leveraging the platform to enhance employee welfare through tailored meal services. Its mission is to ensure every worker is fed, aspiring to a hunger-free future and proving commercial success can directly drive social change.
Sharebite has raised $54.0M across 2 funding rounds.
Sharebite has raised $54.0M in total across 2 funding rounds.
Sharebite is a FoodTech SaaS platform providing corporate meal benefits, founded in 2016 by Dilip Rao, that enables companies to offer flexible food programs for in-office, remote, and hybrid workers.[1][2][3] It serves enterprises across sectors like finance, AI, gaming, and sports, solving employee engagement, retention, and nutrition challenges while combating food insecurity—every meal ordered donates one to partners like Feeding America and City Harvest, totaling over 15 million meals.[1][2][3][5] With 95-98% utilization rates, features like Sharebite Stations for group orders and Passport virtual cards for any restaurant, it drives productivity and culture, earning 2024 accolades including Deloitte Technology Fast 500 (#35) and Fast Company Best Workplaces for Innovators (#35).[2][5][7]
Sharebite was founded in 2016 (some sources note 2015) in New York by Dilip Rao, who survived a life-threatening accident and witnessed food insecurity firsthand, inspiring a mission to make business a force for good by feeding workers and communities.[1][2][3][8] The idea emerged from recognizing hunger as a "hidden epidemic" affecting hope and productivity, evolving into a platform to "get every worker in America fed."[3][8] Early traction came via partnerships with City Harvest and Feeding America; post-pandemic, it pivoted to innovate for hybrid work, powering global meal allowances and achieving milestones like clients surpassing 15,000-50,000 donations in 2024.[2][8]
Sharebite rides the return-to-office and hybrid work trends, addressing post-pandemic challenges by standardizing meal benefits to fuel productivity and culture amid dispersed teams.[2][5][8][9] Timing aligns with rising employee well-being demands and corporate social responsibility, amplified by FoodTech growth and hunger alleviation needs—its donation model scales impact as enterprises embed purpose daily.[1][3][6] It influences the ecosystem by partnering with non-profits, supporting restaurants, and setting benchmarks for mission-driven SaaS, as seen in NYSE features and Fast 500 ranking.[2][8]
Sharebite's momentum—Deloitte #35 growth, client milestones—positions it to expand globally, refining AI-era hybrid feeding while scaling donations toward its "every worker fed" vision.[2][5][8] Trends like remote permanence and ESG mandates will propel it, potentially evolving into broader well-being platforms. As the pioneer blending meals, impact, and tech, Sharebite exemplifies how FoodTech turns everyday perks into transformative forces, echoing Rao's origin: business as a force for good.[1][3]
Sharebite has raised $54.0M across 2 funding rounds. Most recently, it raised $39.0M Series B in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 28, 2022 | $39M Series B | Prosus | Contour Venture Partners, Fiserv, London Technology Club, NOT Boring Capital, Reign Ventures | Announced |
| May 1, 2021 | $15M Series A | Damien Dwin | 75 & Sunny, Boosted Commerce, Datapower Ventures, J12 Ventures, Left Lane Capital, Merck Global Health Innovation Fund, NOT Boring Capital, Predictive VC, Rock Ventures, Sunset Ventures, Team Global, Dennis Yang, Douglas Stark, Elias Aalto, Fredrik Hjelm, Inbal Leshem, Maria Raga, Mats Diedrichsen, Sreeraman M G, Todd Arky, Lukasz Gadowski, Paul Appelbaum, Essential Capital, Liberty City Ventures, London Technology Club, Percy Capital, Reign Ventures, RiverPark Ventures | Announced |
Sharebite has raised $54.0M in total across 2 funding rounds.
Sharebite's investors include Prosus, Contour Venture Partners, Fiserv, London Technology Club, Not Boring Capital, Reign Ventures, Damien Dwin, 75 & Sunny, Boosted Commerce, DataPower Ventures, J12 Ventures, Left Lane Capital.