Brief: Singapore’s Mobikon gets $7m funding for restaurant dashboard

Photo credit: gregorylee / 123RF.

Mobikon is a Singapore-based marketing and customer engagement platform for restaurants. The startup announced today that it has raised US$7 million in funding to scale up its business in India, Southeast Asia, and the Middle East.

Competitors: Punchh, Stampfeet, Squirrelsystem, Inquirly

How it compares to competitors: Mobikon provides restaurants with a single dashboard for a range of services, including customer engagement, marketing, analytic and business tools for ordering, reservations, feedback, and payment.

Traction

Mobikon claims to have served over 3,400 restaurants globally, including about 2,000 in India. The platform is currently available in six countries, and is looking to branch out to new markets such as the UK and Australia in the next 18 months.

Funding details

Amount raised: US$7 million
Funding stage: Series B
Lead investors: Sistema Asia Fund, C31 Ventures, Qualgro
Other investors: Jungle Ventures, SPRING Singapore
Investment type: Equity
Purpose: Scaling up in India, Southeast Asia, and the Middle East
Total disclosed funding to date: US$12 million