05 December, 2014

Sequoia, Nexus Invest In Location Based Food Ordering App TinyOwl

Map based food ordering app TinyOwl, has raised $3 Mn from Sequoia Capital India and Nexus Venture Partners to deepen it presence in home market Mumbai and also diversify into other geographies.

Founded in March by IITians including Harshvardhan Mandad and Gaurav Choudhary, TinyOwl serves as a portal for ordering food in your locality. With close to 3500 restaurants on its list, the startup competes with the likes of Foodpanda, Tastykhana.

Currently available on android and iOS, the app facilitates payments through credit cards or cash-ondelivery.
The online food ordering and delivery space has been seeing active investor interest and also consolidation to have a larger pie of the market.

Recent deals in the space.

FoodPanda had acquired Pune based, TastyKhana from its peer, Delivery Hero.
Foodys.in, a delivery startup in the city of Hyderabad was seeking to raise $4-5 Mn (c.INR 250-300 Mn) in its first external fund raise.
AntFarm, a platform which creates and incubates businesses has added another firm - Meals On Wheels, an online food delivery venture, to its portfolio

0 comments: