Company Name : Pocketin
Funding Amount : $150,000
Investor(s) Swastika
Funding Round : Seed round
A four-month old startup, Pocketin has raised its seed round of $ 150,000 from Hong Kong based Swastika Company and aims to consolidate the eating-out space.
Pocketin provides a technology platform for diners to discover, compare, and choose where they want to head out next based on real time deals offered, events happening around the diner, or pertaining to specific activity the diner might have in mind (group packages, buffets, etc.).
This seed round will be utilized to expand across Delhi, Noida, Ghaziabad and Gurgaon. It will also help in building the core team and strengthen the core product offering.
Pocketin was launched in September 2015 by Kshitij Mehra (DCE Alumnus), Anirudh Mondal (Thapar Alumnus, ex-Practo), Rahul Arora (DCE Alumnus), Siddharth Sharma (SIMC Alumnus, ex- Foxymoron) and Akshay Utreja.
“We aim to create a platform which not only helps people discover new restaurants but also make their experience pocket friendly by offering them the best possible deals/discounts through our unique Real Time deal discovery and comparison engine. We also understand that for a diner, along with the price, convenience matters a lot which is why we have a dedicated operations workforce which ensures that every customer has a delightful and hassle free table reservation and deal redemption experience at the restaurant,” said Kshitij Mehra, CEO at Pocketin.
With a very limited spend on marketing, the company has been able to drive more than 8000 downloads and seated more than 6500 diners,claims the company.
Pocketin aims to partner with more than 1200 restaurants in Delhi NCR in the next six months and seat more than 1 lakh diners. It has plans to expand operations to Mumbai, Bangalore and Dubai in the next phase. With a current team size of 15, Pocketin looks to double its team in the coming months.
