Debt

Debt financing

Meat delivery co TenderCuts raises Rs.30-Cr from Stride Ventures

Inc42  

Chennai-based omnichannel meat and seafood product startup TenderCuts has raised INR 30 crore (about USD 4 million) in a debt funding round led by venture debt firm Stride Ventures. The startup would use the fund to materialise growth and expansion plans across eight cities by early 2022. Founded in 2016 by Nishanth Chandran, TenderCuts is known for its freshly cut meat and seafood that it sells through its neighbourhood stores and online channels. Customers (walk-in as well as online) can buy meat or seafood within two hours of the first cut.