Shubham Agarwal – Mobivend – Inventus Capital
Shubham Agarwal pitching IoT Startup Mobivend – that enables mobile payment with IoT in unattended retail.
“Mobivend is the next generation cashless & telemetry solution provider for enabling mobile payments with IoT in a network of unattended micro markets such as open kiosks and Vending Machines. We are in the B2B space, have a market fit product and are operating at an early revenue stage. We are bootstrapped and of course trying to secure some funds”, claims Shubham.
The Startup is partnered with Paytm and has 35 cashless-enabled machines (powered by Mobivend) installed in offices & apartments in Bangalore, Delhi & Mumbai.
The Startup has three founders – Shubham, Basu Sharma and Utkarsh Mishra. While Shubham takes care of business development and operations, Utkarsh & Basu takes care of technology & product development. The Startup is based out of Bangalore.