Digital marketing, customer engagement startup Mobikon gets US$1.7M from Jungle Ventures and others

Mobikon, a Singapore and India-based startup that offers a suite of services for businesses to make customer feedback, engagement, and analysis more efficient, announced last week that it has closed US$1.7M in Series A investments led by Singapore-based Jungle Ventures.

This round is supported by a group of angel investors, including Ravi Mantha, member of the Board of Trustees at The Indus Entrepreneurs (TiE).

The B2B startup was founded in 2009 by Samir Khadepaun (CEO) and Salil Khamkar (COO), and has since grown to a team of 30. Their flagship product is KONEKT — an integrated suite of digital marketing, analytics and customer engagement apps now used by over 100 customers in hospitality and retail sectors in India and Southeast Asia.

Mobikon’s cloud-based solutions hold the promise of delivering higher direct revenues and greater customer retention and satisfaction to businesses at lower cost and improved efficiency.

Jungle Ventures is a VC firm that invests in early-stage startups and business-building infrastructure in Singapore, India, Southeast Asia, and other regional hotbeds of innovation.

Since Jungle Ventures is a participant in the Singapore government’s NRF TIS and SPRING SEEDS programs, it can receive co-investments from the government to boost startups under its wings.

Last year, the firm led a US$780k investment in mobile media solutions provider Cinemacraft (full portfolio).