TenderCuts raises senior civil servants as co-founders
TenderCuts, the Chennai-based omnichannel fresh-cut meat and seafood start-up, has elevated its longtime employees – Sasikumar Kallanai, R Venkkatesan and Varun Prasad Chandran – as co-founders to reward them for their service . It comes at a time when he plans to expand his presence across India.
The three senior executives who have led different verticals of TenderCuts and led several key projects will now be involved in shaping the future of the company, said Nishanth Chandran, Founder and CEO of TenderCuts, which was launched in 2016. .
Kallanai (business manager); Prasad Chandran (Chief Technology Officer) and Venkkatesan (Chief Operating Officer) have been with the company since the years of creation. They have played a major role in the success of the brand. “In accordance with our expansion plans this year in 10 cities of three and by tripling our workforce of the current 1,200 employees over the next few months, we have proceeded to raise the three officials,” he said. declared. Activity area.
“We are growing by following the farm-to-fork approach, sourcing directly from local farming and fishing communities to ensure meat and fish travel a very short distance to reach customers, ensuring freshness. “, did he declare.
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Meanwhile, TenderCuts will launch its flagship store in Bangalore – the 41st store – this month and plans to have 100 stores by the end of this year, he said.
The Covid pandemic lockdown has created a positive impact with demand tripling as people focus on hygiene and quality standards. This in turn has led people to switch from buying meat at local wet markets to stores like TenderCuts. “Our execution rate is ₹ 200 crore. With the expansion plans, we will achieve an execution rate of 600 crore, ”he said.
The company has so far raised 150 crore in various rounds, the most recent being a 110 crore raised in February in a round led by Paragon Partners and NABVENTURES, he said.