TinyOwl, Mumbai based food ordering app has received Series B funding of Rs 100 crore from Matrix Partners, Sequoia Capital and Nexus Venture Partners.
The company plans to utilize the fresh round of capital infused to expand its footprint to over 50 cities in the country, invest in technology and enhance the end-user experience.
Started in 2014, TinyOwl aims to enhance the meal ordering experience of users with its carefully-designed app. The company had earlier raised $3 million from Sequoia Capital and Nexus Venture Partners in December, 2014.
Currently TinyOwl has two products: TinyOwl – for food from nearby restaurants and TinyOwl HomeMade–for healthy food from local chefs.
TinyOwl has partnerships with more than 4,000 restaurants. It processes almost 2,000 orders every day. In less than 1 year, the company has built team strength of 400 employees.
And this is precisely why Zomato wants to get into food delivery / ordering!