The incident took place when the 20-year-old youth, was on his way to buy a recharge coupon for his mobile phone when three men waylaid him near Hazrat Nizamuddin Dargah.
The trio snatched his cell phone and Rs 400 and fled from the spot following which the victim informed police.
"We have registered a case and a manhunt has been launched to nab the three accused," a police official said.
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