POKKT Raises $5 Mn Funding From Existing And New Investors

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POKKT, has secured close to $5Mn in a funding round led by existing investors along with new investors such as Segnel Venture, Shinji Kimura and Sundar Chanrai.

The startup will use the funds in product development, increasing the technology team and global expansion. Prior to this round, it raised $2.5 Mn in Series A from JAFCO Asia, SingTel’s Innov8, Jungle Ventures and K Ganesh. It was part of Rajesh Sawhney GSF Accelerator.

POKKT was founded in October 2012 by Rohit Sharma (former CEO of Reliance Digital), Vaibhav Odhekar (founding member Zapak.com) and Manish Tewari (former founder of Koovs). It has over 70 people strong team across its offices in Delhi, Mumbai, Bangkok, Singapore, Jakarta, Vietnam, Malaysia and more, including 20-member strong POKKT Labs in Bangalore.

Sources:

Economic TimesLivemint | Inc42 | VCCircle | NDTV Gadgets

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