TenderCuts, an omnichannel meat and seafood brand, has raised Rs 110 crore ($15 million) in a round led by Paragon Partners, a mid-market PE fund founded by Siddharth Parekh and Sumeet Nindrajog with participation from NABVENTURES, a agri-food tech VC fund backed by NABARD. The funding will allow TenderCuts to expand its current operations and pursue organic and inorganic growth opportunities. The company will also be able to scale up its supply chain and technology infrastructure to support innovation and accessibility of its products and services. Founded in 2016 by Nishanth Chandran, TenderCuts provides freshly cut meat and seafood to customers through its neighbourhood stores, which cater to both walk-in customers and online shoppers.
TenderCuts raises ₹110 crore
February 08, 2021
Funding for omnichannel meat and seafood brand led by Paragon Partners, with participation from NABVENTURES City-based TenderCuts, an omnichannel meat and seafood brand, has raised ₹110 crore ($15 million) in a round led by Paragon Partners, a mid-market PE fund, with participation from NABVENTURES, an agri-food tech VC fund backed by NABARD.
The funding will allow TenderCuts to expand its current operations and pursue organic and inorganic growth opportunities. The funds will also allow the company to invest in scaling up its supply chain and technology infrastructure to support innovation and accessibility of its products and services, says a company press release.