Six mistakes of TinyOwl, the blue-eyed start-up child
How the Mumbai-based food tech business went from boom to almost bust on the back of a few bad decisions
According To Business Standard
The numbers tell the dismal story. Burning through Rs 2.5 crore a month on an average, it was only left with Rs 18 crore at the end of January. In the past 18-odd months, it had raised Rs 152 crore from various marquee investors and has now run out of options.
No investor is keen on funding the company, and no one wants to buy it. So, it has until June for its final hurrah - unless it can get funding or sell.
But how did the blue-eyed child of the start-up ecosystem get here?
