TenderCuts bags Rs 110 crore funding from Paragon Partners

Chennai-based meat and seafood brand brand TenderCuts has raised Rs 110 crore in funding led by Paragon Partners.

The omni-channel brand also saw participation from NABVENTURES, a leading agri-food tech VC fund backed by NABARD.

"This investment will pave the way for us to enter new markets and further establish our omni-channel network. 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 & beverage, and e-commerce sectors," shared Nishanth Chandran, Founder & CEO, TenderCuts.

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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.

TenderCuts provides freshly cut meat and seafood to customers through its neighborhood stores which cater not only to walk-in customers, but also online shoppers, driven by a fully integrated supply chain fuelled by proprietary technology.

It is running 25 stores across Chennai and Hyderabad which cater to walk-in and online customers.