Pokkt, a Mumbai, India-based alternate mobile payment platform, raised $500k in angel funding.
Backers included Jungle Ventures and Samir Bangara (Qyuki CEO & MD).
The company intends to use the funds to expand operations (Indonesia and Malaysia in the next months) in South East Asia and hire new people.
Founded in July 2012 by Rohit Sharma, CEO, Vaibhav Odhekar, COO, and Sharad Ingule, CTO, Pokkt provides an alternate mobile payment platform that helps owners of paid digital goods and services to monetize users through an advertiser-funded Model. Developers and publishers of digital content can increase monetization and convert non-paying users into paying users by watching videos, subscribing to services, installing applications, participation in surveys, etc.