TenderCuts Raises $2M for Expansion

Mumbai, Apr 1 (PTI) Omnichannel fresh meat and seafood brand TenderCuts on Wednesday said it has raised USD 2 million through debt from Lakme Finance.

The capital will be utilised towards working capital and expanding operations across core markets, while maintaining a continued focus on operational discipline, the company said in a statement.

"This fundraise marks the completion of a critical phase in our turnaround journey. The focus over the past several quarters has been on building a disciplined operating model with clear visibility on profitability and capital efficiency. With that foundation in place, we are now positioned to scale in a measured and sustainable manner," TenderCuts co-founder and CEO Sasikumar Kallanai added.




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Sarovar Hotels expands Nepal portfolio with 4th property

* Sarovar Hotels on Wednesday announced it has launched the 75-key Royal Tulip Shivapuri National Park Kathmandu developed in partnership with Classic View Resort.

With the launch of Royal Tulip Shivapuri National Park Kathmandu, the company now has 4 properties in Nepal, Sarovar Hotels said in a statement.

"The launch of Royal Tulip Shivapuri National Park Kathmandu reflects our commitment to expanding our international footprint while bringing globally recognised hospitality brands to distinctive destinations," Sarovar Hotels Chairman and Louvre Hotels India Director Ajay K Bakaya added.