Binny Bansal Led Series B Round Brought USD 12.5 Mn to Mobikon

Team StartupcityIndia’s leading data exchange platform Mobikon has raised USD 12.5 million in Series B funding round led by Binny Bansal. This venture capital visionary made single large investment bet on a plan focused on the Southeast Asia market.

The company will use the received fund to meet its mission of being most impactful data exchange platform in the F&B ecosystem. It previously raised fund of USD 25 million in primary investment so far. Jungle Ventures invested in Mobikon

in previous funding round led by Sistema Asia Fund.

Binny said, “Mobikon has posted a stellar growth rate in customer acquisition in the last few months, along with demonstrated improvement in key business metrics of portfolio restaurants. Their proposed geographical expansion into Australia and further into Southeast Asia will give them unbeatable market leadership in the restaurant-tech space.”

"We will use this fresh capital to take a formidable market share in our existing geographies and establish a strong foothold in Australia and Indonesia, besides investing heavily in our tech stack including data science team and integration framework. Our objective is to accelerate the value creation for restaurants beyond discounting by using Data Insights and open API platform which will network and channelise the entire ecosystem around restaurants”. Samir Khadepaun, Founder and CEO of Mobikon.

Scaling up to heights, Mobikon is to expand the existence by on-boarding over 50,000 restaurants and disrupt the ecosystem partnership with leading Banks & Fintech organizations among others.