TinyOwl – Mumbai based food ordering App has raised $ 15 million in its Series B round to fund an aggressive strategy to reach out to 50 cities in India. The capital has been provided by Matrix Partners, Sequoia Capital and Nexus Venture Partners (both are existing investors).
In its Series A round, back in 2014, TinyOwl had managed to raise $ 1 million. The App which was launched in 2014 by five IIT Bombay alumni helps in ordering food online and getting it delivered at your door steps. Currently functional only in the city of Mumbai, TinyOwl helps you choose from 3000 restaurants around various areas in Mumbai. Payment is accepted by both credit and debit card as well as you have the option of choosing Cash on Delivery (COD). The App is currently available to Android and iOS users.
The App provides two products to its users – TinyOwl for food from nearby restaurants and TinyOwl HomeMade for healthy food from local chefs and processes around 2000 orders every day.
Today the food ordering space is one of the booming markets in India, especially with the growth of smartphones and mobile phones. This surely is one of the best times to leverage the new demand of the growing market. Other popular food stores like Foodpanda and Tasty Khana are also vying to expand its reach and get a good share of profit the booming food market.