Four month old startup Pocketin raises seed round funding of $150,000
Advertisement
Advertisement
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.).
It is the first ever platform in India which has given the restaurants the power to incentivize each diner differently depending upon the diner’s specifics and also the current business situation. Its revolutionary Autopilot technology, helps push curated deals to respective diners in the absence of the merchant on the platform. This way Pocketin ensures that the user gets the real time sourced deal from all the merchants within five minutes as a guarantee.
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. The venture was born out of weekly discussions on where to head next and the pain point of discovering better deals around them.
Advertisement
“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” says Kshitij Mehra, CEO at Pocketin.
According to Vaibhav Jain, Director at Swastika Company Limited, “Investing in Pocketin was an interesting proposition for us as we look to fund
“Our aim right now is to create a more intuitive experience for the user. The data points we are capturing on the platform is much more than what similar
Pocketin has grown organically in the last four months and mostly the growth has been driven by word-of-mouth referrals. With a very limited spend on marketing, the company has been able to drive more than 8000 downloads and seated more than 6500 diners. 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.
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- Election Commission issues notification for sixth phase of Lok Sabha polls
- 6 Coffee recipes you should try this summer
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market