After announcing the acquisition of logistics startup Runnr a couple of weeks ago, Zomato — the leading food-tech startup in India, has today announced that it has invested money in Hyderabad-based food delivery startup Tinmen.
While the company’s founder and CEO Deepinder Goyal announced the investment saying that this investment was part of its long-term plan, Zomato has not revealed any financial details of this transaction.
However, media report suggests that with this investment, Zomato has managed to pick up a minority stake in Tinmen amounting to lower double digits. Some experts believes that we could see Zomato leveraging Tinmen’s user base to access a customer preference base that it otherwise hasn’t been able to.
In a blog post announcing this development, Deepinder Goyal said:
We are working on a bunch of exciting tech-led initiatives to build better accessibility to great and hygienic food for our users. In tandem we are also 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.
Founded 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 mobile application.
It currently serves 10 major areas in Hyderabad – Madhapur, Hitec City, Kondapur, Gachibowli, Jubilee Hills, Banjara Hills, Begumpet, Miyapur, Manikonda and Kukatpally.
Tinmen says that it is currently clocking 30,000 orders per month. The startup also claims to have about 50,000-60,000 users on its platform.