Mumbai’s location based food ordering platform, TinyOwl today announced that it has raised $3 million led by Sequoia and Nexus Venture Partners. The company will use these funds to deepen its presence in Mumbai and expand into other metros.
Founded in March 2014 by five IIT Bombay alumni, the TinyOwl app is available on Android and iOS platforms and allows users to order food from their favourite restaurants and have it delivered at their doorstep. The vision of the company is to enable all Indians to order the right food at the right time with just a few taps on their mobile phones. The company offers a seamless experience to consumers by managing the entire process including selecting and ordering dishes, and tracking and ensuring on-time delivery. Users have the option to either make payments through their card or opt for cash-on-delivery.
Harshvardhan Mandad, Co-founder, CEO of TinyOwl said, “In less than six months since launched, TinyOwl has emerged as the market leader in Mumbai. We have grown to more than 3500 delivery restaurants in Mumbai and are servicing thousands of happy customers every day. This success can be attributed to our strong focus on user experience, robust back-end technology and operational capabilities. We aim to offer the best personalised experience to our users and are setting up a data science team and research lab for this.”
Gautam Mago, Principal, Sequoia Capital India Advisors said, “We are excited by the vision of the TinyOwl team to make food ordering joyful and easy for consumers. 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.”
Suvir Sujan, Co-founder & MD, 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. We are delighted to partner with them.”
TinyOwl was founded in early 2014 by five IIT Bombay alumni with an aim to redefine the food ordering experience for consumers and has rapidly emerged as the clear market leader in Mumbai. With technology as its key differentiator, TinyOwl has effectively harnessed the mobile platform to build a scalable and sustainable venture in this space. The app integrates a state of the art payment mechanism that provides a secure and hassle free experience to consumers.