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TinyOwl ties with Citrus to offer in-app wallet

  • Online food delivery
    service TinyOwl has partnered Citrus to offer a wallet service called MyWallet
    in the former’s app for payments and instant refunds.
  •  
  • Harshvardhan Mandad,
    co-founder and CEO of TinyOwl, said that customers faced “major
    dissatisfaction” over refund challenges across industries, prompting them
    to make this move.
    • Online food delivery
      service TinyOwl has partnered Citrus to offer a wallet service called MyWallet
      in the former’s app for payments and instant refunds.
    •  
    • Harshvardhan Mandad,
      co-founder and CEO of TinyOwl, said that customers faced “major
      dissatisfaction” over refund challenges across industries, prompting them
      to make this move.
    •  
    • Image result for tinyowl
    •  
    • The feature is only
      available for Android at the moment, with plans to add it to iOS soon. MyWallet
      money can also be transferred back into the user’s bank account. Users will be
      able to pay via MyWallet as well as existing modes of payment such as card,
      cash, net banking and other wallets like Paytm, PayU Money and Mobikwik.
    •  
    • Last month, the
      company extended its TinyOwl HomeMade service to Bangalore. Prior to the launch, TinyOwl did a
      pilot project in the city with three cuisines and one dessert option, and
      claimed to work with 15 chefs in Bangalore
      and 150 in Mumbai. It also added that it was doing around 500 orders every day,
      averaging at Rs 250, charging chefs a commission of 15-30% of the dish value.
    •  
    • As of now, the
      platform claims to take around 3,000-5,000 orders everyday and cover 4,500
      restaurants. The company launched its services in Chennai in July, making it
      available in 6 cities, with plans to expand to a total of 50 cities by the end
      of this year.
    •  
    • In June, TinyOwl launched
      a Dishes feature with about 1,000 restaurants across the country. A company
      official had earlier said the feature was free for restaurants but it could
      change its business model to charge them in the future.
    •  
    • In February, TinyOwl
      raised Rs 100 crore in a series B round of funding from Matrix Partners, Nexus
      Venture Partners and Sequoia Capital. Active only in Mumbai at that time, the
      company had said it would use the funds to expand to other cities. The platform
      had also raised $3 million in a series A round of funding from Nexus Venture
      Partners and Sequoia Capital last year.

     

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