Equity trading tips
New Delhi: Mobikon, a marketing platform for F&B industry, on Wednesday said it has jumped up to US dollar 2.3 million funding, led by Singapore-based Jungle Ventures.
Jungle's portfolio in India cover companies like LivSpace, Pokkt and Zipdial (acquired by Twitter).
The Series A2 internal extension funding will be utilized to fuel the rapid growth of the company across markets like India, Manila, Singapore and Dubai, it said in a statement.
Mobikon had previously raised Series - A funding in 2012-13 from Jungle Ventures, Spring Singapore and Lion Rock.
With the latest funding, the total capital moved from new and existing investors goes up to USD 5 million.
"The F&B business across Asia is set for a period of unprecedented growth and Mobikon is ideally positioned to spur this growth and at the same time, to profit from it. We expect to partner with 3,000 F&B outlets by closeing of this financial year and double the number in next year," Mobikon C-originatorand CEO Samir Khadepaun said.
This funding round would help Mobikon reach some of the most critical scale points, including the launch of our automated marketing platform for the F&B industry, Khadepaun added.
Apart from India, Mobikon is there in Singapore, Manila, Dubai, Macau and in Kuala Lumpur.
The Mobikon platform currently powers over 65,000 analysis every month, above 1.3 lake new diners are added month-on-month.
Few of its customers include Copper Chimney, Pind Baluchi, Little Italy and Pizza Express in India and Swensens, Red Crab Group and Select Group, internationally.