Forkable is lunch delivery using its clever Ai technique and it is here to conquer the 843B global lunch market. It is the best way to get lunch at the office, hassle-free. Forkable promises to give you a food experience like never before. This automated service helps you get to provide your meal, at your desk, piping hot without the use of any apps or making any phone calls.
Forkable is a much progressive approach toward office lunches. It prevents you from saving mad money on catering services. The AI technology not only helps you with a hassle-free arrangement of food but provides us with many more benefits. Team members are surveyed weekly in order to learn about preferences, further, the lunch robot picks lunches for everyone according to their survey, individually. Forkable also allows customization at any time and lunches can be scheduled, so there is no need to order. Forkable creates a setup where machines and food cooperate together to make a worthwhile experience.
This genius idea made its way through two brains. The brainchild of Joseph Kumph and Nick Naczinski, Forkable started in 2012, San Francisco, California. Joseph Kumph has a degree in math from the University of Chicago and has previously worked at Harvard University and Stanford University. He describes forkable as lunch on autopilot. The co-founder of forkable, Nick Naczinki, is a graduate from the University of California and is also the founder of the company, KNOWING.
Fundings and Investors
You cannot solely work on a great idea, you need funds to bring ideas into action. Forkable is a venture in which companies like e-merge, hemisphere ventures, and s2 capital invested their funds. Peter Kellner, cofounder of endeavor, Blake Commagere the founder/CEO of media spike, Amir Banifatemi, and Chris Bennett are few more names who chose to invest in this new age food business. Knowing there is good investor support, helps to keep up with the quality of service and helps to bring business to new heights.
When the business is a start-up, in order for your business to grow and create milestones one has to reach the audience. You need to reach people in a way which convinces them to try out the experience for themselves and further helps in the recommendation. Gone are days, when road tricks were used to grab people’s attention, social media is the next big thing. Forkable markets it’s brand on social media platforms like Instagram and Twitter for a wider reach of audience. For the business to grow, forkable also offers restaurants to join the company for creating a wider spectrum of lunches.
Revenue and Market valuation
You know a business is booming when numbers are starting to grow. Forkable now has over $9 billion catering and $200 million lunch market in the United States. Forkable earns revenue by charging a delivery fee and also a surcharge. Forkable is a startup, perhaps too early to measure its position in the market. As per spoon, the company earned $834,000 in 2016. this gives a vague idea of the company can do, but not the clear picture about the future of the company.
The food industry is a massive place to conquer. Food is an element which we need in order to survive and this necessity has now grown to heights. The love for food in people has made the food industry what it is today. Companies like forkable can be game-changers in further time, taking in consideration the efficiency, quality and simplicity with a touch of computers.
Name (Forkable) plays a great part:
The name of the startup i.e. Forkable plays a good role in the overall growth. The domain name is made out of two words 'fork' and 'eatable'. A short and catchy domain name really helps in decreasing the overall marketing cost and we can clearly see this in the case of Forkable.
I would personally recommend KillerLaunch, which is one of the best platforms for finding the perfect short and catchy domain name in case you are looking to own a startup. No matter which industry you are looking to step into, the platform has hundreds of catchy domain names related to each and every industry.