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Zovi Founders Launch ‘Little’ App; Secures $50Mn Led By Paytm

Company Name : Little
Funding Amount : $50mn
Investor(s) Paytm, SAIF Partners, Tiger Global Management..


Zovi founders Manish Chopra and Satish Mani have raised $50 Million and will launch Little, a diversification into the burgeoning Online to Offline (O2O) market.

The investment is led by Paytm along with a large new undisclosed investor and participation from existing investors SAIF Partners and Tiger Globallittle-app

Little will be ‘app only’ and targets to be India’s largest consumer lifestyle deals marketplace. The funding is led by Paytm along with a large new undisclosed investor and participation from existing investors SAIF Partners and Tiger Global Management.

Little is also building a O2O supply side infrastructure and will offer 50,000+ live deals across 11 cities by March 2016.

The company is already 400 people strong with strengths in technology, product and operations and expects to build a 1000 person team by March 2016.

Qn : Isn’t there a competition given that the lead investor, i.e. Paytm is also in similar business (fashion++ marketplace)?

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