Mobikon raises US$ 12.5 mln Series B round led by Binny Bansal

Mobikon has raised a Series B round of $12.5 million dollars. Mobikon will utilise these funds to pursue its mission to be the most impactful data exchange platform in the restaurant software vertical.

The Series B financing round for this seven-year-old startup was led by entrepreneur and venture capital visionary, Binny Bansal. This is his single largest investment bet on a scale up focussed on the South East Asia market. Mobikon has been testing their new platform for over a quarter, demonstrating good results on business enablement.

“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 expansion into Australia and further into South East Asia will give them market leadership in the restaurant-tech space.” Bansal said.