Restaurant Franchise Opportunities

Funding Dec, 08 2014

Food ordering mobile app TinyOwl secures $3 million Sequoia, Nexus

The food ordering app will use the fund to expand its operation in Mumbai and other metro cities in India. The service is currently available at selected locations in Mumbai.

By Franchise India Bureau
Food ordering mobile app TinyOwl secures $3 million Sequoia, Nexus

TinyOwl,a location-based mobile app for food ordering in Mumbai, has raised $3 million in Series A round of funding from Sequoia Capital and Nexus Venture Partners.

The food ordering app will use the fund to expand its operation in Mumbai and other metro cities in India. In August, VCCircle first reported TinyOwl’s fundraise from Sequoia and Nexus.

TinyOwl, founded in March 2014 by a group of IIT Bombay alumni allow users to order food from restaurants and have it delivered at their doorstep. Consumers can manage the entire process including selecting and ordering the dishes and tracking the delivery. Users can either make payments through their card or opt for cash-on-delivery.

The service is currently available at selected locations in Mumbai. “In less than six months since launched, we have 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,” said Harshvardhan Mandad, Co-Founder and CEO of TinyOwl.

“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,” added Gautam Mago, principal, Sequoia Capital India.

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.”

Over the years we have seen the online food business emerging in India with players like Foodpanda and TastyKhana.

Related: TinyOwl sees big funding, raises Rs 100 crore investments in second round reflecting investor confidence

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