About TenderCuts
TenderCuts is a company based in Chennai (India) founded in 2016 by Sasikumar Kallanai and Nishanth Chandran was acquired by Good To Go in September 2023.. TenderCuts has raised $38.06 million across 8 funding rounds from investors including Capri Loans, Hindustan Composites and Paragon Partners. The company has 1,208 employees as of July 25, 2024. TenderCuts operates in a competitive market with competitors including Zappfresh, FreshToHome, Fipola, Nandus and Meatigo, among others.
- Headquarter Chennai, India
- Employees 1208 as on 25 Jul, 2024
- Founders Sasikumar Kallanai, Nishanth Chandran
- Stage Minicorn
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Sectors
RetailAgriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gfm Retail Private Limited
- Date of Incorporation 06 Oct, 2015
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$15.99 M (USD)68.89as on Mar 31, 2022
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Net Profit
$-15.35 M (USD)-316.63as on Mar 31, 2022
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EBITDA
$-14.3 M (USD)-363.18as on Mar 31, 2022
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Total Equity Funding
$38.06 M (USD)
in 8 rounds
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Latest Funding Round
$9.26 M (USD), Series A
Apr 02, 2022
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Investors
Capri Loans
& 39 more
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Employee Count
1208
as on Jul 25, 2024
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Acquired by
Good To Go
(Sep 02, 2023)
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Funding Insights of TenderCuts
TenderCuts has successfully raised a total of $38.06M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $9.26 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $9.3M
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First Round
First Round
(28 Sep 2017)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - TenderCuts | Valuation | Paragon Partners | |
| Dec, 2021 | Amount | Debt – Venture - TenderCuts | Valuation | Stride Ventures |
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| Apr, 2021 | Amount | Series A - TenderCuts | Valuation | Paragon Partners , NABVENTURES |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TenderCuts
TenderCuts has secured backing from 40 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Capri Loans, Hindustan Composites and Paragon Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A leading Indian mid-market private equity firm is operated.
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Founded Year | Domain | Location | |
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Investment management for agriculture, food, and rural ventures in India.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TenderCuts
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TenderCuts
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tendercuts Comparisons
Competitors of TenderCuts
TenderCuts operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zappfresh, FreshToHome, Fipola, Nandus and Meatigo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering multi-category meat and seafood products
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| domain | founded_year | HQ Location |
Meat and poultry products are retailed online by FreshToHome.
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| domain | founded_year | HQ Location |
Processor and retailer of meat products
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in meat and poultry products.
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| domain | founded_year | HQ Location |
Meat and meat products are offered via a B2C platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tendercuts
Frequently Asked Questions about TenderCuts
When was TenderCuts founded?
TenderCuts was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is TenderCuts located?
TenderCuts is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of TenderCuts?
Nishanth Chandran is the current CEO of TenderCuts. They have also founded this company.
Is TenderCuts a funded company?
TenderCuts is a funded company, having raised a total of $38.06M across 8 funding rounds to date. The company's 1st funding round was a Series A of $8.98M, raised on Sep 28, 2017.
How many employees does TenderCuts have?
As of Jul 25, 2024, the latest employee count at TenderCuts is 1,208.
What is the annual revenue of TenderCuts?
Annual revenue of TenderCuts is $15.99M as on Mar 31, 2022.
What does TenderCuts do?
Online app-based retailer for meat and poultry products. Its platform offers different poultry products like chicken cubes, chicken breasts, and eggs, mutton products like lamb meat, goat meat, mutton shoulder, rib chops, and curry cuts. Its platform also offers aquaculture and seafood products like crabs, salmon, and dry fish. Its mobile application is available for Android and iOS platforms.
Who are the top competitors of TenderCuts?
TenderCuts's top competitors include FreshToHome, Fipola and Zappfresh.
Who are TenderCuts's investors?
TenderCuts has 40 investors. Key investors include Capri Loans, Hindustan Composites, Paragon Partners, IndigoEdge, and GoodToGo.
What is TenderCuts's valuation?
The valuation of TenderCuts is $109.85M as of Apr 2022.
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