In a continuous attempt to establish its
foothold in the market, TinyOwl, the preeminent and fastest food ordering app
in India, has undertaken a mass streamlining to unlock the organization’s
operational efficiency by deploying scalable city level frameworks. While the
app has witnessed remarkable growth in the past year, the current focus for the
company is to now attain a viable business model from a long term perspective,
in consideration of the current market challenges being faced by food ordering
players in India.
TinyOwl has undergone an organizational
restructuring to increase its efficiency and productivity, involving
eliminations of certain positions from the company, as part of this process.
In alignment of the current organization
focus, TinyOwl will be scaling back nationally, with optimization of resources
across verticals being the key focus. This development has been made on a
strategic level as a step towards sustainability and growth for the brand in
the current challenging market scenario. While TinyOwl will continue to operate
in 6 cities, the new model will be initially tested in major metros Mumbai and
Bangalore.
Talking about the recent developments, Harshvardhan
Mandad, CoFounder & CEO, TinyOwl said, “The current strategic
focus for us as a company is to build TinyOwl as a sustainable, profitable and
scalable business, working towards the ‘big dream’. With the current take rate
being 45 – 60, we are looking at a more commensurate operational structure.
Every business goes through its own unique journey, with some hits and
definitely some misses. We have had our share too. But the important aspect is
to learn from your journey along the way and continue to do what is best for
the brand. We thank all our employees for their contributions in making
TinyOwl one of the fastest growing startup brands in the market today.”
With the refurbishing of the brand, the
company is aiming at developing an enhanced ecosystem of business management
with a strong and robust backend looking at long term sustainability. One of
the youngest players in the ecosystem, TinyOwl hopes to continue add more value
to partners and provide the best of food ordering experience to its customers
with enriched offerings and services.
1 comment:
Nice information about the organizational restructuring, thanks for sharing in a blog post and hope to see more in the future.
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