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TinyOwl & Roadrunnr to merge: report; Investor details

Online food delivery startup TinyOwl and logistics startup Roadrunnr are reportedly going to be merged into a product called Runnr, reports the Economic Times. MediaNama contacted TinyOwl co-founder Gaurav Choudhary for comments, but he declined to confirm or deny the development. We’ve not heard back from TinyOwl all day today. At the time of writing, the Roadrunnr website is down, asking users to check its parent company Carthero Technologies’ website. Investors & Financials According to filings with the Registrar of Companies, on 31st December 2015, Carthero made share allotments to: - Nexus Ventures III (531 preferential shares for around Rs 6.14 crore), - Sequoia Capital India Investment IV (454 preferential shares for around Rs 5.25 crore), - Apoletto Asia Limited (1113 preferential shares for Rs 12.88crore ), and - Kunal Shah (46 shares for Rs 0.53 crore). The resolution for this funding was passed on December 2nd 2015. Apart from this 10 equity shares each were alotted to Milestone Trusteeship Pvt Ltd - Blume Ventures India Fund II, Apoletto Asia limited and Kunal Shah, on the 2nd of December 2015. On 8th January 2016, Mauritius based Faktory Ventures was allotted 173 preferential shares for Rs 2 crore. In case of Tinyowl, Tinyowl Technology Private Limited, on November 10, 2015, allotted - 1723 shares to Matrix Partners India Investment Holding II LLC for Rs 14.68 crore, - 1392 shares to Nexus Ventures III for Rs 11.86 crore and - 1392 shares to Sequoia Capital Investments IV for Rs 11.86 crore. Its list of equity shareholders, disclosed…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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