PE Fund Investments
Eko Financial Services raises Rs.30-Cr in Series B round
New Delhi-headquartered Eko India Financial Services (Eko), a technology-based platform for financial transactions, has received INR 30 crore from Exxora, the family office of Sriram Natarajan, CEO of Molbio Diagnostics, as part of its INR 75 crore Series B round. Eko will use the fresh capital to expand its network of engaged micro-entrepreneurs and product development. Founded by Abhishek Sinha in 2007, Eko enables digital product brands to tap the customers through a platform of embedded-in-the-community micro-entrepreneurs as influencers, facilitators and resellers.
From the Venture Intelligence PE-VC Deal Database: Between Dec-2010 and Dec-2016, Eko had raised over USD 8 M from Creation Investments, Promus Equity Partners, 4B Capital, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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