TinyOwl, a location based food ordering platform has raised $3 million in a first round of funding from Sequoia Capital and Nexus Venture Partners.
The funds raised will be used to penetrate its presence in Mumbai and expand to other metros.
TinyOwl was founded in 2014 by five IIT Bombay alumni including Harshvardhan Mandad and Gaurav Choudhary. Available on Android and iOs, the app enables users to order food via their mobile devices. It detects the user’s location and show restaurants in his/her vicinity. Also, the payments can be made through the app using credit cards or through cash-on delivery.
“We’ve grown to more than 3,500 restaurants in Mumbai and are servicing thousands of customers. We aim to offer the best personalized experience to our users and are setting up a data science and research lab for the purpose,” said Mandad.
“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,” said Suvir Sujan, Co-founder & MD, Nexus Venture Partners, as per reports from The Hindu.