Food delivery startup TinMen raises follow-on funding, targets 300K monthly orders

Anisa Menur

TinMen has delivered 30,000 homemade meals per month to customers in major IT hubs in Hyderabad

Indian food delivery startup TinMen announced that it has raised an undisclosed investment to follow on its seed funding round, which the company raised in January 2016.

MAPE Advisory Group, Sify co-founder R. Ramaraj, and Mahesh Reddy-led Corvus Ventures took part in the current round, with participation from existing investor Lead Angels.

The startup plans to use the funding for marketing, team building, and national expansion.

“We have a product which fits perfectly into the gap in the online food ordering for customers who are value and quality conscious. Our startup has built all of its technology in-house and we have learnt from the multiple challenges of the food and technology space over the last year,” explained TinMen co-founder Mukesh Manda.

“Our success in this dynamic sector is due to our focus on both frugality and innovation,” he stressed.

Founded in 2015 by Manda and Chaitanya Degala, TinMen offers schedule delivery of homemade meals to professionals. The app also includes e-wallet and chefs review features.

Also Read: How to be hired in a food delivery company: leaks from industry insiders

The Hyderabad-based startup has been serving customers mainly from the city’s major IT hubs. It has delivered 30,000 homemade meals per month, and employed “more than” 100 home chefs on its platform.

tinmen_cofounders

TinMen co-founders Mukesh Manda (left) and Chaitanya Degala

Manda also said that the company has become “operationally profitable” and expects to grow to three lakhs (300,000) orders by December 2017.

Despite a challenging period when several startups had shut down, and investment perceived to be running dry in the market, several food delivery startups in India have been raising funding recently.

The list includes Fingerlix which raised a US$3 million from Zephyr Peacock, and Mr. Hot Foods for an undisclosed amount from IvyCamp.

Image Credit: TinMen

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