Mumbai, Apr 1 Omnichannel fresh meat and seafood brand TenderCuts announced on Wednesday that it has raised USD 2 million through debt from Lakme Finance.
The capital will be used for working capital and expanding operations across key markets, while maintaining a continued focus on operational discipline, the company said in a statement.
"This fundraising marks the completion of a critical phase in our turnaround journey. Over the past several quarters, our focus has been on building a disciplined operating model with clear visibility on profitability and capital efficiency. With this foundation in place, we are now positioned to scale in a measured and sustainable manner," added TenderCuts co-founder and CEO Sasikumar Kallanai.
Sarovar Hotels expands Nepal portfolio with 4th property
* Sarovar Hotels announced on Wednesday that it has launched the 75-key Royal Tulip Shivapuri National Park in Kathmandu, developed in partnership with Classic View Resort.
With the launch of Royal Tulip Shivapuri National Park in Kathmandu, the company now has 4 properties in Nepal, Sarovar Hotels said in a statement.
"The launch of Royal Tulip Shivapuri National Park reflects our commitment to expanding our international footprint while bringing globally recognised hospitality brands to distinctive destinations," added Sarovar Hotels Chairman and Louvre Hotels India Director Ajay K Bakaya.