Chennai-based omnichannel meat and seafood brand TenderCuts has clocked Rs 110 crore from private equity firm Paragon Partners, and agri-food tech venture capitalist NABVENTURES.
Launched in 2016 by Nishanth Chandran, TenderCuts provides fresh meat and seafood to customers through its stores both online and offline.
All of this is driven by a fully integrated supply chain, backed by proprietary technology.
“This investment will pave the way for us to enter new markets and further establish our omnichannel network,” founder and CEO of TenderCuts Nishanth Chandran told the media.
In a press release, the startup mentioned that the newly raised capital will allow it to expand its current operations and pursue organic and inorganic growth opportunities.
Further, the funds will also allow the company to invest in strengthening its supply chain and technology infrastructure to support innovation and accessibility of products and services, the release added.
“We are delighted to partner with Paragon Partners and NABVENTURES and look forward to tapping into their significant experience in growing consumer businesses in the retail, agri, food and beverage, and e-commerce sectors,” Chandran said.