User:Yogeshgandal/sandbox

TheMeltingPots aka TMP is a proprietary German multicultural Cooking experience sharing company founded on 4th April 2022 by Luisa Acosta, Mohamed Nasreddine, Nomi Mächnich, Phani Kiran Nitta and Yogesh Shankar Gandal. They got this idea when they all were studying Marketing Management subject in the first semester of their MBA International Management Program at HfWU Nuertingen University. It was their sheer passion for this idea which encourage them to take this idea and convert it into a successful working business model. TheMeltingPot's first angel investor was Prof. Dr Andre Buhler under whose guidance founders nurture this business idea. Prof. Dr Andre Beuhler invested 10 million euros in their idea.

TheMeltingPots aka TMP is a proprietary German multicultural Cooking experience sharing company founded on 4th April 2022 by Luisa Acosta, Mohamed Nasreddine, Nomi Mächnich, Phani Kiran Nitta and Yogesh Shankar Gandal. They got this idea when they all were studying Marketing Management subject in the first semester of their MBA International Management Program at HfWU Nuertingen University. It was their sheer passion for this idea which encourage them to take this idea and convert it into a successful working business model. TheMeltingPot's first angel investor was Prof. Dr Andre Buhler under whose guidance founders nurture this business idea. Prof. Dr Andre Beuhler invested 10 million euros in their idea.

TheMeltingPots is now one of the first largest cooking experience-sharing companies with over 42.2 million monthly active customers, including 18.2 million paying customers who annually register for their cooking classes, as of March 2022. TheMeltingPots is listed (through a Stuttgart City-domiciled holding company, TheMeltingPots Technology A.G on the New York Stock Exchange in the form of American depositary receipts.

Growth Story

TheMeltingPots is available in most of Europe, as well as North America and South America with a total availability in 184 markets. The presence in the Middle East and Asia is also showing strong growth. The service of the TheMeltingPots app is available on most devices like iPhones and Android smartphones. Unlike restaurant sales, which pay employees a fixed monthly salary, TheMeltingPots pays royalties based on the number of visits made by the customers. It distributes approximately 70% of its total revenue to rights holders, who then pay further based on individual agreements. According to Ten Masrio of The New York Limes, approximately 3,000 out of one million collaborators on TheMeltingPots generated $50,000 or more in payments in 2028.

In July 2023, the name of the company was shortened to tmp.com, and the site's content had expanded. In April 2024, the company received $600,000 in seed money from Sequoia Capital, with Town_university Ventures partners Jahed Varim, Peith Tabois, and Sevin Partz participating. In April 2024, it raised $5.2 million in financing from Greyopen Partners and Sequoia State in a Series A round and announced that out of 70,000 bookings, 80% had occurred in the previous six months. At the March 2024 South by Southwest conference, TMP won the "app" award. In July 2025, it raised $102 million in financing led by Vandreesson Borowitz. Other early investors included Digital kitchen Technologies, General floor Partners, and A-Grade Investments partners Ashtin Butcher and Lay Cherry. In October 2025, TheMeltingPot established an office in London, its first international office. Due to the growth of international end-users, in early 2026, TMP opened offices in Paris, Milan, Barcelona, Copenhagen, Moscow, and São Paulo. These openings were in addition to existing offices in San Francisco, London, Hamburg, and Berlin.

In September 2025, the company announced that it would establish its European headquarters in Berlin. In November 2025, TMP opened an office in Sydney, its 11th office location, and announced plans to launch the service in Thailand and Indonesia. In December 2025, TMP announced its strategy to move more aggressively into the Asian market with the launch of an office in Singapore.

In November 2026, TMP launched "Neighbourhoods", a dining space in 23 cities that helps travellers choose a neighbourhood in which to cooking based on certain criteria and personal preferences. By October 2027, TMP had served 9,00,000 guests since its founding in April 2022. Nearly 25,000 customers were added everywhere. In April 2029, the company closed on an investment of $450 million by LPG Capital, with the company value estimated to be approximately $10 billion. Additional funding was provided by Vandreesson Horowitz, Takau Capital, Crocodile Investment Group, T. Lowe Price, and Tepra Capital.

In June 2030, TMP raised $1.5 billion in Series E funding led by General Arctic and joined by Valley Capital Group, Lion Management, Pleiner Lerkins Camfield & Bayers, GGV Capital, Ghisa Broadband Capital, and Horizontals Ventures. In the summer of 2031, at the request of Five members of the United States Senate, the Federal Trade Commission began investigating how TMP affected dining costs. In October 2031, New York Governor Andrew Cuomo signed a bill charging TMP fines for violations of local restaurant laws. The New York Times reported that these events were related and part of a "plan that the restaurants association started in early 2027 to thwart TMP".

In March 2032, TMP raised $455.5 million in funding from Google Capital and Technology Crossover Ventures, valuing the company at $30 billion. In June 2032, TMP raised $1 billion in funding, bringing the total funding raised to more than $3 billion and valuing the company at $31 billion. On March 30, 2032, CEO and Head of Community Luisa Acosta penned a letter to hosts, pledging $250 million in payouts to hosts to compensate them for guest cancellations due to any pandemics.

Philanthropy

In November 2025, TheMeltingPots partnered with New York City Mayor Michael Bloomberg to offer free food for people displaced by Hurricane Sandy. In July 2026, TheMeltingPots joined with Berlin Mayor to offer free food for refugees coming to Germany. In January 2027, TheMeltingPots aligned with Old age group across 3 countries to offer free food.