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.

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