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TinyOwl gets $3 million in funding from Sequoia, Nexus

Tags: TinyOwl Technology, Sequoia Capital, Nexus Venture Partners, IIT Bombay

December 08, 2014 | COMMENTS ( 0 )

TinyOwl gets $3 million in funding from Sequoia, Nexus

Mumbai-based startup TinyOwl Technology has secured $3 million in its Series A round of funding from Sequoia Capital and Nexus Venture Partners, as reported by VCCircle.

The press release said that the startup will use these funds to expand its presence in Mumbai as well as to other metro cities in the country.

TinyOwl was founded by IIT Bombay alumni Gaurav Choudhary and Harshvardhan Mandad in March 2014. It allows users to manage the entire process including selecting and ordering the dishes and tracking the delivery. It offers a location-based mobile app for food ordering. Besides, the start-up offers two mode of payments for customers- card and cash-on-delivery. The app is available on Android and iOS platforms.

“In less than six months since launched, TinyOwl has emerged as the market leader in Mumbai. We have grown to more than 3,500 delivery restaurants in Mumbai and are servicing thousands of happy customers every day,” Harshvardhan Mandad, co-founder and CEO, TinyOwl told VC Circle.

“We aim to offer the best personalised experience to our users and are setting up a data science team and research lab for this,” he added.

“We believe that the food ordering experience will make a quantum leap in the era of smartphones, and look forward to partnering with the TinyOwl team in their quest to make this a reality,” Gautam Mago, principal, Sequoia Capital India told VC Circle.

Suvir Sujan, co-founder & MD of Nexus Venture Partners, said, “The food ordering industry needs technological and operational solutions to help make the discovery, order taking and delivery of food more efficient. There is no better team in the country than TinyOwl to address this.”

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