The startup plans to use the fund for growth and expansion across eight cities by early 2022
TenderCuts sells freshly cut meat and seafood to customers through neighbourhood stores where walk-in, as well as online customers, can buy meat or seafood within two hours of the first cut
TenderCut’s total revenue stood at INR 100 Cr in FY21 as against INR 35 Cr in FY20, a 300% year-on-year growth
Chennai-based omnichannel meat and seafood product startup TenderCuts has raised INR 30 Cr (roughly $4 Mn) in a debt funding round led by venture debt firm Stride Ventures. The startup wants to use the fund to materialise growth and expansion plans across eight cities by early 2022.
Founded in 2016 by Nishanth Chandran, TenderCuts is known for its freshly cut meat and seafood that it sells through its neighbourhood stores and online channels. Customers (walk-in as well as online) can buy meat or seafood within two hours of the first cut.
The startup has previously raised $15 Mn in…