Company Name : MoMark Services
Funding Amount : $ 600,000
Investor(s) YourNest LNB group
Funding Round : Pre-Series A
Noida based MoMark Services, a mobile app-based customer engagement platform and mobile wallet aggregator has raised a pre Series-A funding of $600,000 led by YourNest Angel Fund.
Kolkata-based LNB group also participated in this funding round.
MoMark facilitates loyalty and analytics-led engagement programmes for small and medium-sized retailers while enabling merchant discovery for customers.
The company will utilise the funds to strengthen the technology platform and product offering, increase presence in existing and new markets as well as add top talent.
MoMark has an adoption base of over 160 merchants in 58 cities, and has clocked over a million transactions worth Rs 763 million, claims the company.
MoMark was founded in 2012 by Dr. Rajesh Sanghi. A Ph.D. and M.Tech from IIT, Madras and B.E.(Hons) from BITS Pilani.