Mobikon raises $7 mn from Sistema Asia Fund, C31 Ventures, Qualgro & others

Mobikon will utilise the funds to scale up business in India, SE Asia, and the Middle East

Mobikon, a marketing and customer engagement platform for the restaurant industry, has raised $7 million in Series B funding from a three-member investor consortium that comprises Sistema Asia Fund, which is the proprietary fund of Russia's largest conglomerate Sistema JSFC, Singapore-based C31 Ventures, and Qualgro. Existing investors Jungle Ventures and Spring Singapore also participated in the round.

Mobikon is planning to utilise the latest round of funding to scale up its business in India, South East Asia, and the Middle East. The company also plans to penetrate deeper into existing markets and build the next level of its leadership team