Based out of Hyderabad, food delivery startup TinMen has raised an undisclosed amount of funding in angel round. The funding was received from alumni-focused network Lead Angels. The startup delivers food as part of corporate meal programme and also to individual employees. The food is prepared by home chefs in conformance will the latest trends in the industry. The startup describes itself as a technology-enabled version of the Mumbai Dabbawalas.
TinMen also stands as one of the first food delivery apps to have a B2B model for companies that want to offer food as a perk, a trend that increasing number of companies are following these days. Mukesh Manda, co-founder of TinMen describes it as a virtual cafe. The startup claims to have attained a 40% customer retention and delivers on an average 8000 lunches per day.
The startup has created customization options where users can create weekly meal plans and restart or opt out of the deliveries at a day’s notice using the app’s scheduler. Vinutha Rallapalli, Vice President Lead Angels , has said in statement:
“Food technology space has been a widely discussed sector in the recent past and it is time for more mature and well defined business models in the space. TinMen is able to deliver its multi-cuisine, multi-restaurant service at affordable prices given its unique delivery model,”