Mumbai-based food ordering app, TinyOwl has raised USD 3 million led by Sequoia Capital and Nexus Ventures Partners. In August, the company had received USD 1 million. The latest round brings its total capital up to USD 4 million.
As per an ET report, the raised funds will be used to expand its presence in Mumbai as well as in other metros.
Launched in March 2014 by five IIT Bombay alumni, the company enables consumers to order food through their mobile phones and gets it delivered to their doorstep. Currently, the app is available for Android and iOS users. Payments can either be made via the app using credit cards or through cash-on delivery.
Recently, Delhi-based restaurant listing site Zomato, had raised USD 60 million in series E round led by Vy capital, Info Edge Limited and Sequoia Capital. Last month, Rocket Internet backed Foodpanda acquired Pune-based TastyKhana for an undisclosed amount.Category Business Investments