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Zomato Invests In Home Made Food Delivery Startup TinMen

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Zomato Invests In Home Made Food Delivery,Food Delivery Startup TinMen,Zomato Invests In Home Made Food,meal delivery startup TinMen,Zomato founder Deepinder Goyal,Zomato news today,Startup Stories,Latest Business News,Zomato Home Made Food Delivery

The online restaurant discovery and food delivery startup Zomato Media Pvt., Ltd., has invested in Hyderabad based home cooked meal delivery startup TinMen. In a blog post, Zomato founder Deepinder Goyal announced the companies will work together to offer a larger variety of healthful meal options to the users. Existing investor Lead Angels also participated in this round of funding.

TinMen is a home cooked meal delivery app, owned and operated by Vicinia Retail Pvt., Ltd., that currently serves 10 major areas in Hyderabad. Founded by Mukesh Manda and Chaitanya Degala in 2013, the startup works with professional chefs to provide home cooked meals to working professionals in the City. Talking about the acquisition, Deepinder Goyal said TinMen is “an efficient and modest little company which provides easy access to home cooked meals at affordable prices, for thousands of people in Hyderabad.”

The startup provides office lunches using a scheduler built into their app through which users can create meal plans for a day, a week or a month and opt out of deliveries at a day’s notice. The company offers meals starting from Rs. 65 without delivery charges and is already delivering over 30,000 orders a month. They currently offer services in Gachibowli, Financial District, Kondapur, Hitec City, Madhapur, Jubilee Hills, Banjara Hills, Punjagutta and Begumpet. This collaboration will give TinMen access to Zomato’s 1 million unique user base. The startup is looking to increase its current monthly revenue of around Rs. 28 lakhs by 5 times and is also targeting to cater to over 1 lakh orders per month by March 2018.

Zomato, which recently acquired another food delivery startup Runnr, is tapping into the affordable healthy home cooked meals offering space with this investment. The company has reportedly reduced its cash burn by 81% while its revenue surged by about 80%, making it a profitable startup. Goyal also announced that they will forgo commissions charged to restaurants clocking high order volumes as the company is generating enough cash to cover the investments.

However, Tinmen will not be leveraging Zomato’s self fulfilled delivery fleet but will continue using their existing third party logistics services for now.

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Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

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Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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