In a recent blog post, Zomato founder and CEO Deepinder Goyal state that Zomato has invested in Hyderabad-based foodtech startup, TinMen.
Post this investment, Zomato and TinMen will work together to expand its services, initially in Hyderabad, and then the rest of the country.
Talking about the acquisition, Deepinder Goyal said, “We are exploring alliances with existing players, big and small, to help surface a larger variety of healthy meal options to our users. In that spirit, we just made an investment into a startup called TinMen – an efficient and modest little company which provides easy access to home cooked meals at affordable prices, for thousands of people in Hyderabad.”
Started in August 2015 by Mukesh Manda and Chaitanya Degala, TinMen offers home-cooked lunches to working professionals in Hyderabad. It provides office lunches with a scheduler built into their App available on both Android and iPhone. TinMen’s last funding came in January 2016, when it raised an undisclosed amount in angel round from the Lead Angel Network.
Users can create meal plans for a day, a week or a month. TinMen allows users to start and opt out of the deliveries at a day’s notice. Customers can also pre-schedule their meals. The app also has a built-in wallet and chef reviews for the home-chefs. Currently, it has over 80 chefs on its platform. As per the company website the meals start at INR 65 and TinMen does not levy a delivery charge.
TinMen also offers solutions to mid-market companies who want to offer lunch benefits to their employees by acting as a virtual cafeteria. Companies have the flexibility to choose a budget for their employees on TinMen and the employees can choose from 100+ cuisine options on the app.