Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»News»Zomato Invests Undisclosed Amount in Food Delivery Startup TinMen
    News

    Zomato Invests Undisclosed Amount in Food Delivery Startup TinMen

    Girish ShettiBy Girish ShettiSeptember 25, 2017Updated:September 25, 20172 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email
    zomato.
    Online food delivery startup Zomato invests in TinMen.

    Online food delivery startup Zomato has invested undisclosed amount in Hyderabad-based home chef aggregator TinMen. The investment comes barely a week after Zomato acquired Bengaluru-based logistics and food delivery startup Runnr. These latest consolidation moves will supposedly help the company in competing against the arch rival Swiggy, which over the years has steadily increased the market share in food delivery market.

    With the acquisition of TinMen, Zomato hopes to crack the home cook meal market, which is still dominated by organized players. TinMen is basically a home-cooked meal delivery app that aggregates home chefs on its platform and currently offers services only in 10 areas in Hyderabad. However, the startup very well plans to expand across other cities of India in coming months.

    Tinmen’s expansion plans were clearly disclosed by Zomato co-founder and CEO Deepinder Goyal, who wrote on company’s official blog that both startups will initially focus on Hyderabad city and later on will expand to other cities of India.

    Hyderabad based Tinmen boosts pretty good monthly tractions. The company claims that it currently delivers 30,000 meals per month, cooked by over 100 expert home chefs.

    Zomato is on a roll    

    The restaurant discovery & food delivery startup certainly seems to have found back its mojo, after struggling for nearly one & half years due to heavy cash burn rate and growing losses. The company recently announced that it has become profitable in all the 24 countries that it currently operates across.

    Zomato trimmed the cash burn rate by whopping 81% to $12 million in 2016-17 from $64 million in the same period a year ago. The company saw its revenue increase by impressive 80% to $49 million, while revenue from the food ordering business witnessed an almost eight fold increase to reach $9 million.

    In another positive development, last week Indian Institute of Technology (IIT) revoked campus placement ban on Zomato and other 30 startup. This move should help the company in hiring better and highly skilled talents in coming years. Zomato and other Indian startups were slapped with the placement ban almost a year ago, following their withdrawal of job offers to several IIT students that subsequently left them in state of despair.

    featured Food Delivery Startup Restaurant Discovery Startup TinMen Zomato
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    Twitter launches new $5000 API plan for Startups  

    May 26, 2023

    OpenAI may Exit Europe if Regulation Toughens, says CEO Sam Altman

    May 25, 2023

    Netflix kicks off its Password Sharing Feature in U.S & 100 other countries

    May 24, 2023

    WhatsApp finally allows you to Edit Sent Messages

    May 23, 2023

    Leave A Reply Cancel Reply

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • how to upload more than 100mb to discord How to Upload More Than 100MB to Discord: Unlocking File Size Limits
    • how to clear spotify queue How to Clear Spotify Queue: Enjoy a Fresh Listening Experience
    • how to stop facebook from scrolling automatically How to Stop Facebook from Scrolling Automatically: Taking Control of Your Browsing Experience
    • how to use depth effect ios 16 How to Use Depth Effect on iOS 16: Unlocking the Power of Visual Depth
    • Twitter launches new $5000 API plan for Startups  
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]