About Eko
Eko is a company based in Gurugram (India) founded in 2006 by Abhinav Sinha and Abhishek Sinha.. Eko has raised $12.32 million across 5 funding rounds from investors including Share India, Creation Investments and Exxora Trading. Eko offers products and services including White Label Portal, Insurance Portal, Recharge Portal, AePS Portal, and Payment Gateway Portal. Eko operates in a competitive market with competitors including Pay Point India, OneLoad, Bharat Housing Network, Opareta and Findi, among others.
- Headquarter Gurugram, India
- Founders Abhinav Sinha, Abhishek Sinha
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Eko India Financial Services Private Limited
- Date of Incorporation 17 Sep, 2007
- Jurisdiction South Delhi, Delhi, India
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Annual Revenue
$5.61 M (USD)3.92as on Mar 31, 2023
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Net Profit
$-1.81 M (USD)-97.5as on Mar 31, 2023
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EBITDA
$-1.66 M (USD)11.68as on Mar 31, 2023
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Total Equity Funding
$12.32 M (USD)
in 5 rounds
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Latest Funding Round
$3.75 M (USD), Series B
Jul 21, 2022
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Investors
Share India
& 25 more
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Employee Count
Employee Count
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Products & Services of Eko
Eko offers a comprehensive portfolio of products and services, including White Label Portal, Insurance Portal, Recharge Portal, AePS Portal, and Payment Gateway Portal. 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.
Portal for customized financial services and integrations.
Platform for selling and managing insurance policies.
System for mobile recharges and utility bill payments.
Aadhaar-enabled platform for cash withdrawals and transfers.
Gateway for secure payment processing and transactions.
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Funding Insights of Eko
Eko has successfully raised a total of $12.32M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $3.75 million completed in July 2022. 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 5
- Last Round Series B — $3.7M
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First Round
First Round
(13 Aug 2009)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series B - Eko | Valuation | Exxora Trading , Exxora Trading |
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| Dec, 2017 | Amount | Series A - Eko | Valuation | Creation Investments |
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| Mar, 2011 | Amount | Series A - Eko | Valuation | Creation Investments |
| 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 Eko
Eko has secured backing from 26 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Share India, Creation Investments and Exxora Trading. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Impact investing in emerging markets through private equity and credit services.
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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 Eko
| 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 - Eko
| 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 |
Eko Comparisons
Competitors of Eko
Eko 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 Pay Point India, OneLoad, Bharat Housing Network, Opareta and Findi, 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 |
Digital financial and retail services are provided via agent networks.
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| domain | founded_year | HQ Location |
App-based platform for unbanked financial services is developed.
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| domain | founded_year | HQ Location |
Provider of co-lending platform connecting housing finance companies with capital and technology.
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| domain | founded_year | HQ Location |
Provider of agent-based lending and money management solutions
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| domain | founded_year | HQ Location |
Provider of digital payment and ATM services
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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 Eko
Frequently Asked Questions about Eko
When was Eko founded?
Eko was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Eko located?
Eko is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Eko a funded company?
Eko is a funded company, having raised a total of $12.32M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6.72M, raised on Aug 13, 2009.
What is the annual revenue of Eko?
Annual revenue of Eko is $5.61M as on Mar 31, 2023.
What does Eko do?
Eko was established in 2006 in Gurugram, India, within the fintech sector. APIs for payments, money transfers, and verifications are supplied to support financial operations. White-label portals are delivered for insurance, mobile recharges, travel bookings, and banking functionalities. Additionally, a retailer banking application and SBI Kiosk services are maintained to facilitate access in the Indian market.
Who are the top competitors of Eko?
Eko's top competitors include Pay Point India, Findi and OneLoad.
What products or services does Eko offer?
Eko offers White Label Portal, Insurance Portal, Recharge Portal, AePS Portal, and Payment Gateway Portal.
Who are Eko's investors?
Eko has 26 investors. Key investors include Share India, Creation Investments, Exxora Trading, Exxora Trading, and Manish S Prasad.
What is Eko's valuation?
The valuation of Eko is $20.02M as of Jul 2022.