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TenderCuts Plans 22 New Chennai Stores as Profits Rise

TenderCuts Plans 22 New Chennai Stores as Profits Rise
TenderCuts targets 22 new stores in 12 months · financialexpress.com

TenderCuts sells fresh meat, seafood and other protein products through stores and online orders.

It currently has 18 stores in Chennai.

The company wants to add about 22 more stores there within a year.

It is choosing to grow mainly in Chennai instead of quickly entering many other cities.

TenderCuts says it became profitable after making its stores smaller and reducing costs, discounts and waste.

Its stores also prepare online orders, so it does not need separate dark stores.

The company handles about 40,000 orders each month and says average delivery takes 30 minutes.

It earned positive EBITDA at both store and company levels in FY26.

It also borrowed $2 million to help fund its operations and future growth.

Key facts

Current stores
18 stores in Chennai
Planned expansion
Approximately 22 new Chennai stores over the next 12 months
FY26 gross revenue
Rs 65.65 crore
FY26 net revenue
Rs 62.82 crore
Monthly active transacting users
Approximately 40,000
Online-offline revenue split
60% online and 40% offline
FY27 revenue target
Annualized revenue run-rate of approximately Rs 220 crore

Quotes

Sasikumar Kallanai

Founder and CEO of TenderCuts

“Over the last year, we have moved away from growth at any cost and rebuilt TenderCuts around disciplined store economics, lower operating costs, reduced discounting and wastage, and profitable micro-market expansion.”
financialexpress.com
“At this stage, our focus is not simply on raising capital to expand the number of stores, but on demonstrating a strong, repeatable and profitable operating model”
financialexpress.com

Sources

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