About Ekank Technologies
Ekank Technologies is a company based in Delhi (India) founded in 2020 by Summit Nayak.. Ekank Technologies has raised $1.04 million across 1 funding round from investors including Venture Catalysts, LetsVenture and Z Nation Lab. The company has 19 employees as of April 08, 2024. Ekank Technologies offers products and services including ThisDay Platform. Ekank Technologies operates in a competitive market with competitors including Pratilipi, YourQuote, StoryMirror, Hadith and Kahaniya, among others.
- Headquarter Delhi, India
- Employees 19 as on 08 Apr, 2024
- Founders Summit Nayak
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Ekank Technologies Private Limited
- Date of Incorporation 06 Oct, 2020
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$112.52 K (USD)0as on Mar 31, 2022
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Net Profit
$-120.7 K (USD)-1970.78as on Mar 31, 2022
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EBITDA
$-102.06 K (USD)-1659.77as on Mar 31, 2022
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Total Equity Funding
$1.04 M (USD)
in 1 rounds
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Latest Funding Round
$1.04 M (USD), Seed
Dec 29, 2021
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Investors
Venture Catalysts
& 19 more
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Employee Count
19
as on Apr 08, 2024
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Products & Services of Ekank Technologies
Ekank Technologies offers a comprehensive portfolio of products and services, including ThisDay Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for reading and engaging with cultural and historical stories.
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Funding Insights of Ekank Technologies
Ekank Technologies has successfully raised a total of $1.04M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.04 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
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First Round
First Round
(29 Dec 2021)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Ekank Technologies | Valuation | Venture Catalysts , Titan Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ekank Technologies
Ekank Technologies has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, LetsVenture and Z Nation Lab. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Investments are made in early-stage companies by Titan Capital.
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Founded Year | Domain | Location | |
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Startups are funded and accelerated by Investopad's venture capital programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ekank Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ekank Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ekank Technologies Comparisons
Competitors of Ekank Technologies
Ekank Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pratilipi, YourQuote, StoryMirror, Hadith and Kahaniya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform connecting readers and writers, offering digital literature in multiple languages
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| domain | founded_year | HQ Location |
Image-based microblogging is enabled for multilingual literary content sharing.
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| domain | founded_year | HQ Location |
App-based platform allowing users to read and publish stories
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| domain | founded_year | HQ Location |
Provides an app-based platform for audiobook storytelling experiences.
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| domain | founded_year | HQ Location |
Online platform for publishing and discovering stories
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ekank Technologies
Frequently Asked Questions about Ekank Technologies
When was Ekank Technologies founded?
Ekank Technologies was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Ekank Technologies located?
Ekank Technologies is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Ekank Technologies a funded company?
Ekank Technologies is a funded company, having raised a total of $1.04M across 1 funding round to date. The company's 1st funding round was a Seed of $1.04M, raised on Dec 29, 2021.
How many employees does Ekank Technologies have?
As of Apr 08, 2024, the latest employee count at Ekank Technologies is 19.
What is the annual revenue of Ekank Technologies?
Annual revenue of Ekank Technologies is $112.52K as on Mar 31, 2022.
What does Ekank Technologies do?
Ekank Technologies was established in 2020 in Delhi, India, as a digital platform focused on vernacular storytelling. Micro influencers and creators are enabled to distribute content covering history, art, culture, and heritage. Engagement with audiences is supported through these shared narratives, operating primarily in the media and technology sector across India. The platforms domain is ekank.com, with Summit Nayak serving as co-founder.
Who are the top competitors of Ekank Technologies?
Ekank Technologies's top competitors include Pratilipi, StoryMirror and YourQuote.
What products or services does Ekank Technologies offer?
Ekank Technologies offers ThisDay Platform.
Who are Ekank Technologies's investors?
Ekank Technologies has 20 investors. Key investors include Venture Catalysts, LetsVenture, Z Nation Lab, 100Unicorns, and Titan Capital.
What is Ekank Technologies's valuation?
The valuation of Ekank Technologies is $4.99M as of Dec 2021.
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