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 Global
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)?