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'A tiny startup in Bangalore...': TinyOwl's Shubham Bansal says they “joked” about acquiring Swiggy

  • Shubham Bansal, founder of TinyOwl, shared insights into early days of Swiggy and TinyOwl's growth after 2014.
  • TinyOwl had raised significant funding, expanded to 5 cities, had 1,000+ employees, and received 50,000+ orders daily.
  • Bansal mentioned Swiggy as a 'tiny startup in Bangalore' with minimal funding and business volume compared to TinyOwl.
  • He revealed that internally at TinyOwl, they joked about acquiring Swiggy due to their perceived superiority.
  • Bansal emphasized that execution is more critical than ideas for startups, urging action over just contemplating.
  • In 2016, TinyOwl faced challenges like high logistics costs, leading to shutdowns in multiple cities and mass layoffs.
  • One of TinyOwl's founders, Gaurav Chaudhary, was detained by laid-off employees over past-due checks in 2015.

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