ANSWER: TinyOwl
Explanation:
Food ordering platform TinyOwl has raised INR 50 crore from current investors led by Sequoia Capital and Matrix Partners. The 2 year old Mumbai based company is looking at controlling burn rate and outsourcing deliveries while restructuring operations. New funds have given the platform 12 months of run time to focus on creation of a sustainable business in this domain. Its co founders are IIT graduates Harshvardhan Mandad, Gaurav Choudhary, Saurabh Goyal, Shikhar Paliwal and Tanuj Khandelwal. It also counts Snapdeal’s Kunal Bahl among its investors.
