1 hr ago
TenderCuts Plans 22 New Chennai Stores as Profits Rise
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.
TenderCuts plans to open about 22 new stores in Chennai over the next 12 months, increasing its current total of 18.
The company says restructuring toward smaller neighborhood stores helped it move from near closure two years ago to positive EBITDA operations.
TenderCuts reported FY26 gross revenue of Rs 65.65 crore and net revenue of Rs 62.82 crore.
The company targets an annualized revenue run-rate of about Rs 220 crore in FY27 and nearly double its monthly active transacting users.
TenderCuts raised $2 million in debt from Lakme Finance in April 2026 to support inventory, supply-chain needs, store operations and working capital.
- Who
- TenderCuts, led by founder and CEO Sasikumar Kallanai.
- What
- The company plans to add about 22 Chennai stores and expand its profitable omnichannel meat and seafood business.
- Where
- Chennai, where TenderCuts currently operates 18 stores.
- When
- Over the next 12 months; TenderCuts raised $2 million in debt in April 2026.
- Why
- To build greater density in Chennai micro-markets, increase store and repeat-customer growth, and scale while maintaining positive EBITDA and disciplined unit economics.
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









