# Tendercuts.in

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tendercuts-in

- Industry: Food
- Headquarters: Chennai, India
- Website: www.tendercuts.in
- Total disclosed funding: $8.6M
- Latest round: Series A (Apr 2, 2022)
- Investors on record: 2

## About

Based in India, TenderCuts is a direct-to-consumer company specializing in delivering fresh, high-quality meat products, including chicken, mutton, and fish, alongside complementary items, ensuring quality and convenience for urban consumers.TenderCuts, founded in 2016 and headquartered in Chennai, India, focuses on providing fresh meat products. The company was established by Sasikumar Kallanai and is currently led by CEO Angad Singh. TenderCuts has raised a total of INR 650.20 mn, primarily from investors including NAB Ventures and Paragon Partners, with its latest funding round being a Series A completed on 2023-09-02. This round marks a significant milestone in the company's growth strategy.TenderCuts specializes in a wide range of high-quality, fresh meat products such as chicken, mutton, and fish. They also offer complementary items including cold cuts, snacks, pickles, dressings, and spices. The company's approach involves processing orders only after they are placed to ensure freshness, catering to consumers in urban areas like Chennai with prompt home delivery through their mobile app, which features order tracking. Additionally, TenderCuts provides ready-to-cook marinated options and meal kits for convenience.In 2022, TenderCuts generated revenue of INR 17,575,047.20 and reported an EBITDA of INR -15,783,941.30. The company's revenue model primarily involves direct-to-consumer sales through their mobile application, allowing customers to select from a diverse catalog of fresh meat products and meal kits.Following their most recent funding round on 2023-09-02, TenderCuts is focused on expanding its product range and market reach. The company plans to introduce new product lines that cater to evolving consumer preferences. Additionally, there are intentions to expand into new geographic markets across India to enhance accessibility for a broader customer base. The capital from the latest funding round will support these growth initiatives and strengthen their operational capabilities.

## Funding rounds

- Series A, Apr 2, 2022, $8.6M — Paragon Partners, NAB Ventures

## Investors

- Paragon Partners — Series A
- NAB Ventures (https://capitalatlas.ai/funds/nab-ventures) — Series A