Eko India Financial Services Secures INR 30 Crore Equity Investment from Exxora
- ByStartupStory | February 23, 2023
Eko India Financial Services has secured INR 30 crore in funding from EXXORA as part of its Series B round worth INR 75 crores. Eko is a technology-driven platform for financial transactions. Sriram Natarajan’s family office, EXXORA, provided the investment.
Eko, which was established in 2007, plans to utilize the funding to bolster its network of active micro-entrepreneurs and enhance its product development efforts. Eko’s platform leverages embedded-in-the-community micro-entrepreneurs as influencers, facilitators, and resellers, enabling digital product brands to reach the untapped market of the next billion customers.
Abhishek Sinha, the CEO and founder of Eko, expressed enthusiasm regarding the recent fundraise, stating that it is a validation of their vision to provide supplementary earning prospects for micro-entrepreneurs nationwide. Sinha further added that they are thrilled to welcome Sriram Natarajan aboard, and they aim to assist brands in achieving distribution in tier-two towns and other areas.
According to Molbio Diagnostics CEO, Sriram Natarajan, Abhishek Sinha and the Eko team have developed an intriguing business model that has resulted in significant social impact. The platform has the potential to transform the lives of micro-entrepreneurs not only in India but also globally. Well Eko plans to use the funds to bolster its network of committed micro-entrepreneurs and further enhance product development, as per the company’s statement.
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