Mumbai-based food ordering app TinyOwl today said it has raised Rs 100 crore from Matrix Partners, Sequoia Capital and Nexus Venture Partners.
The company plans to utilise the Series B funding to expand its footprint to over 50 cities in the country and on technology to enhance end-user experience, it said in a statement.
"We plan to use the current funding for national level expansions aggressively and innovating on the products side to give seamless experience to the users," TinyOwl co-founder and CEO Harshvardhan Mandad said.
Started in 2014, TinyOwl had earlier raised USD 3 million from Sequoia Capital and Nexus Venture Partners in December, 2014.
TinyOwl has associations with more than 4,000 restaurants and processes about 2,000 orders a day. It has a team strength of 400 employees.
Currently it has two products -- TinyOwl for food from nearby restaurants and TinyOwl HomeMade for healthy food from local chefs.
"We believe that there will be significant value creation in online food ordering in India, and a mobile-first approach is the way to win in the space," Matrix India Managing Director Rishi Navani said.
TinyOwl is a part of broader portfolio of investment in the local service offline-to-online space, which Matrix thinks will be an important area going forward, he added.
