Pokkt, a Mumbai, India-based alternate mobile payment platform, raised $500k in angel funding.

Backers covered Jungle Ventures and Samir Bangara (Qyuki CEO & MD).

The organisation intends to apply the budget to amplify operations (Indonesia and Malaysia in the subsequent months) in South East Asia and rent new people.

Founded in July 2012 through Rohit Sharma, CEO, Vaibhav Odhekar, COO, and Sharad Ingule, CTO, Pokkt presents an alternate mobile payment platform that enables proprietors of paid virtual items and offerings to monetize customers thru an advertiser-funded Model.

Developers and publishers of virtual content material can boom monetization and convert non-paying customers into paying customers through looking videos, subscribing to offerings, putting in applications, participation in surveys, etc.