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Mumbai, 01st April 2026: TenderCuts, India’s first omnichannel fresh meat and seafood brand, has raised USD 2 million through debt from Lakme Finance. The raise follows the company’s transition to profitability, making TenderCuts the first organised player in the fresh meat and seafood category in India to achieve positive EBITDA at both the store and consolidated levels.
Founded on an omnichannel model that integrates neighbourhood retail with digital convenience, TenderCuts has, from its inception, focused on building a structured and scalable fresh meat and seafood ecosystem. The current fund raise comes at a pivotal point in the company’s journey, following its transition to profitability and the successful execution of a comprehensive turnaround plan. With this milestone, TenderCuts has achieved both profitability and operational reset within a defined timeframe.
Over the past year, the company has focused on strengthening unit economics, improving supply chain efficiencies, and restructuring store operations to build a stable and scalable operating model anchored in discipline and consistency.
Sasikumar Kallanai, Co-Founder and CEO, TenderCuts, said, “This fund raise marks the completion of a critical phase in our turnaround journey. The focus over the past several quarters has been 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.”
The capital will be deployed towards working capital and expanding operations across core markets, while maintaining a continued focus on operational discipline.
Sounder Kannan, Director of Lakme Investment and Finance Limited, 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.”
TenderCuts operates an integrated omnichannel model combining neighbourhood retail stores with digital platforms, offering a portfolio across fresh meat, seafood, eggs, marinades, and ready-to-cook products, with a focus on consistency, traceability, and customer retention.
About TenderCuts
Founded in 2015, TenderCuts is India’s leading omnichannel brand in the fresh meat and seafood category, with over 18 stores in Chennai today. The company pioneered the transition from unorganised wet markets to a hygienic, traceable, and tech-enabled retail experience. Today, TenderCuts operates through a profitable retail-first omnichannel model that blends the convenience of online delivery with the trust of personalised in-store service. With a strong focus on operational excellence, sustainable growth, and workforce empowerment, TenderCuts is redefining the way India shops for fresh meat and seafood – clean, local, and responsibly sourced. Website: https://tendercuts.in/
About Lakme Finance
Lakme Finance is dedicated to empowering promising business talents who face financial constraints. Our vision is to identify individuals with strong potential, support their growth, and enrich their lives. By extending our support, we aim to build lasting partnerships founded on a win-win philosophy, growing together toward shared success.
Lakme is an emerging investment and credit company focusing on businesses with great reputations that are fast-growing with positive unit economics, where a disproportionate level of value creation is possible with quick and minimal capital infusion.
