TinyOwl Lays Off 112 Employees, Total Workforce Will Drop To 650

CEO Harshvardhan Mandad told ET that the latest layoffs will largely be in sales teams at Delhi, Hyderabad, Chennai and Pune. This is the second round of layoffs after they recently cut 200 jobs in September. Mandad added that TinyOwl is currently testing a new operational structure in Mumbai and Bengaluru.

TinyOwl Raises Rs 50 crore From Sequoia Capital and Matrix Partners

Other existing investors also participated in the round. The funding will be used by the food ordering tech platform to build a sustainable business model as the two year old company has been restructuring its business operations. Mumbai based TinyOwl plans to go app only in the future.