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Meal delivery start-up TinMen raises funds, eyes 300,000 orders a month

The start-up has partnered with Instamojo to enable wallet services on its platform

Sharath Chowdary  |  Hyderabad 

Photo: Shutterstock
Photo: Shutterstock

Hyderabad-based office meal delivery start-up expects to grow 10 times to 300,000 orders per month by December 2017. Currently, it has been serving 1,000 homemade lunches a day to customers in major IT hubs of the city.

The start-up has raised undisclosed funds from the existing seed investor Lead Angels and three new investors led by of Corvus Ventures, MAPE Advisory Group and co-founder R Ramaraj in the recent round of funding.

With these funds, is now looking to expand across the city and venture out to other cities in the next 18 months. "We will spend 35 per cent of the investment in marketing, while the rest of the funds in building the technology, and operations," co-founder Chaitanya Degala said.

"The app has undergone significant structural and design changes primarily aimed at making it more intuitive. Subscribers will soon also be able to schedule breakfast, lunch, snacks and dinner for their office as well as homes," he added. 

After achieving 3-4 times growth in Hyderabad in terms of number of orders, the start-up is planning to do a pilot in a metropolitan city during the next six months. Based on the market research and competition from other players, it is considering cities like Chennai, Bengaluru, Mumbai, Pune and

The two-year old start-up had raised a seed round of funding in January 2016 and it claims to have grown five times in the last one year. It has partnered with Bengaluru-based digital payment gateway firm to enable wallet services on its platform.

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Meal delivery start-up TinMen raises funds, eyes 300,000 orders a month

The start-up has partnered with Instamojo to enable wallet services on its platform

Hyderabad, 14 AprilHyderabad-based office meal delivery startup TinMen expects to grow 10 times to 3 lakh orders per month by December 2017. Currently, it has been serving around 1,000 homemade lunches per day to customers in major IT hubs of the city.The startup has raised undisclosed funds from the existing seed investor Lead Angels and three new investors led by Mahesh Reddy of Corvus Ventures, MAPE Advisory Group and Sify cofounder R Ramaraj in the recent round of funding.With these funds, TinMen is now looking to expand across the city and venture out to other cities in the next 18 months. "We will spend 35 per cent of the investment in marketing, while the rest of the funds in building the technology infrastructure and operations," TinMen cofounder Chaitanya Degala said.He said. "The app has undergone significant structural and design changes primarily aimed at making it more intuitive. Subscribers will soon also be able to schedule breakfast, lunch, snacks and dinner for their .
Hyderabad-based office meal delivery start-up expects to grow 10 times to 300,000 orders per month by December 2017. Currently, it has been serving 1,000 homemade lunches a day to customers in major IT hubs of the city.

The start-up has raised undisclosed funds from the existing seed investor Lead Angels and three new investors led by of Corvus Ventures, MAPE Advisory Group and co-founder R Ramaraj in the recent round of funding.

With these funds, is now looking to expand across the city and venture out to other cities in the next 18 months. "We will spend 35 per cent of the investment in marketing, while the rest of the funds in building the technology, and operations," co-founder Chaitanya Degala said.

"The app has undergone significant structural and design changes primarily aimed at making it more intuitive. Subscribers will soon also be able to schedule breakfast, lunch, snacks and dinner for their office as well as homes," he added. 

After achieving 3-4 times growth in Hyderabad in terms of number of orders, the start-up is planning to do a pilot in a metropolitan city during the next six months. Based on the market research and competition from other players, it is considering cities like Chennai, Bengaluru, Mumbai, Pune and

The two-year old start-up had raised a seed round of funding in January 2016 and it claims to have grown five times in the last one year. It has partnered with Bengaluru-based digital payment gateway firm to enable wallet services on its platform.
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Business Standard
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Meal delivery start-up TinMen raises funds, eyes 300,000 orders a month

The start-up has partnered with Instamojo to enable wallet services on its platform

Hyderabad-based office meal delivery start-up expects to grow 10 times to 300,000 orders per month by December 2017. Currently, it has been serving 1,000 homemade lunches a day to customers in major IT hubs of the city.

The start-up has raised undisclosed funds from the existing seed investor Lead Angels and three new investors led by of Corvus Ventures, MAPE Advisory Group and co-founder R Ramaraj in the recent round of funding.

With these funds, is now looking to expand across the city and venture out to other cities in the next 18 months. "We will spend 35 per cent of the investment in marketing, while the rest of the funds in building the technology, and operations," co-founder Chaitanya Degala said.

"The app has undergone significant structural and design changes primarily aimed at making it more intuitive. Subscribers will soon also be able to schedule breakfast, lunch, snacks and dinner for their office as well as homes," he added. 

After achieving 3-4 times growth in Hyderabad in terms of number of orders, the start-up is planning to do a pilot in a metropolitan city during the next six months. Based on the market research and competition from other players, it is considering cities like Chennai, Bengaluru, Mumbai, Pune and

The two-year old start-up had raised a seed round of funding in January 2016 and it claims to have grown five times in the last one year. It has partnered with Bengaluru-based digital payment gateway firm to enable wallet services on its platform.

image
Business Standard
177 22