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. - tinmen

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,”

2015 was especially an year of food tech startups, which not only saw the rise of food tech startups in all parts of the country but also these startups got back to back funding from investors. Yumist, Swiggy, Chef-it, Ubiquitous, Fassos, Inner chef, Leaping Caravan and Boibanit raised huge funding from top notch investors including Kalaari Capital, CIIE and ru-Net.Lead Angels is an alumni focused angel network started by a team of three originally from IIT Bombay. They are currently operational in Mumbai, New Delhi, Ahmedabad, Bangalore and Hyderabad. Their focus is to assist investment into early stage ideas and companies founded by students and alumni of premier institutions.

About Author

Ruchi Pandita

Ruchi is a word-weaver, a painter, an amateur photographer and a poet at heart. The ease with with she can explain the most complex stuff impresses people around her. Being a gemini, she is never content, always looking for new ways to explore her self and the world around. The startup revolution has greatly influenced her and she is using her talent to help budding entrepreneurs find the way forward.

Leave A Reply