The first month of the New Year has been quite a progressive one for startups in the city. With new ventures coming up and lot of events happening every now and then, investors are on the edge to invest in the best.
Lead Angels is an early stage funding platform based in India and has never failed to invest in the right company at the right time. It is reported that Lead Angels has invested in a Hyderabad based office food delivery startup – TinMen.in
This food delivery startup focuses mainly on delivering corporate meals to office goers in the city. It has food for individual employees and also has lot of corporate meal programs on its website. The team of TinMen ensures that the food served is made by home chefs with the latest trends in food and flavour liked by majority of the people. The startup describes itself as a technology-enabled version of the Mumbai Dabbawalas.
Mukesh Manda, the co-founder of this startup considers TinMen to be a virtual café, being the first food delivery platform to offer direct B2B model in the food sector. The startup claims to have attained a 40% customer retention and delivers on an average 8000 lunches per day. An undisclosed amount as an angel round of funding was officially announced on January 29th 2016.
“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,” Says Vinutha Rallapalli, Vice President Lead Angels.
TinMen has customized its website for the benefits of the customer and today, it allows the users to set up weekly and monthly plans for the food schedule with the startup. The meals through TinMen start at nominal prices, beginning from just Rs. 50.
Lead Angels has surely invested in a gem and the entire team of Startup Hyderabad congratulates both the parties on this stepping milestone in their respective growth lines. We also wish the team of Tinmen good luck for their future plans and growth.