Zovi founders Manish Chopra and Satish Mani have raised $50 million in funding from Paytm, an undisclosed investor and existing investors SAIF Partners and Tiger Global Management for establishing an online to offline app-only marketplace called Little. The founders will use the funds for hiring senior level employees, build its technology and sign up merchants on its platform. The company claims it currently has 400 employees, which it expects to expand to 1,000 by March 2016. It also claims to have enrolled more than 5,000 merchants in India, and that its platform will go live in March 2016 across 11 cities with over 50,000 deals. Chopra and Mani will continue to build the Zovi platform as well. The ‘Little’ app will basically act as a discovery platform for customers while letting offline merchants sell online to users in the area. For…
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