Omnichannel fresh meat and seafood brand TenderCuts has raised $2 million in debt funding from Lakme Finance. The fundraise follows the company’s transition to profitability, making it the first organised player in India’s fresh meat and seafood category to achieve positive EBITDA at both store and consolidated levels.
Building a scalable omnichannel model
Founded on an omnichannel approach integrating neighbourhood retail with digital convenience, TenderCuts has consistently focused on creating a structured and scalable ecosystem for fresh meat and seafood.
Over the past year, the company has sharpened its focus on strengthening unit economics, enhancing supply chain efficiencies, and restructuring store operations, laying the foundation for a stable and disciplined operating model.
Turnaround and growth plans
TenderCuts co-founder & CEO Sasikumar Kallanai said: “This fundraise marks the completion of a critical phase in our turnaround journey. Over the past several quarters, we have focused on building a disciplined operating model with clear visibility on profitability and capital efficiency. With that foundation in place, we are now positioned to scale in a measured and sustainable manner.”
Deployment of capital
The company said the capital will be utilised towards working capital requirements and expanding operations across its core markets, while maintaining a strong focus on operational discipline.
Investor perspective
Lakme Finance director Sounder Kannan said: “TenderCuts has completed a meaningful reset of its operating and financial model. We see a business that now has the operating maturity to scale, and our investment is aligned with supporting that next phase.”
Product and channel presence
TenderCuts operates an integrated omnichannel model combining neighbourhood retail stores with digital platforms. Its portfolio spans fresh meat, seafood, eggs, marinades, and ready-to-cook products, with a focus on consistency, traceability and customer retention.