F&B startup Mobikon raises $11.28m in Series B funding

It seeks to be a data exchange platform following quarter-long trials.

Food & beverage (F&B) software startup Mobikon has raised $11.28m (US$12.5m) in a Series B funding courtesy of Indian internet entrepreneur Binny Bansal, according to a press release.

The company is now looking to transform into a data exchange platform which it has been testing for over a quarter, the report said.

Indian F&B brands such as Lite Bite Foods, Gajalee, and Yellow Banana, international brands like Bistro, Gerry’s Grill, and Swensens, banks, fintech organisations, point-of-sale (POS) providers, and beverage brands are working with Mobikon in this platform.

Mobikon founder and CEO Samir Khadepaun said that the company will utilise the capital to expand to Australia and Indonesia and invest in data science team and integration framework. In addition, they will also accelerate the value creation of restaurants besides discounting by using data insights and open API platforms.

The company has tapped entrepreneur Apoorva Ruparel as co-founder and elevated Amit Divekar as co-founder and chief technology officer.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia