Eko App Secures $20M In Series B Funding | MobileAppDaily
Mobile App

Eko App Secures $20M In Series B Funding

Eko app has over 500,000 recurring paid users across various sectors

https://dk2dyle8k4h9a.cloudfront.net/Eko App Secures $20M In Series B Funding

Eko Communications, the mobile-first collaboration, and business messaging startup based in Thailand have successfully raised $20 Million in series B funding.

The finance is led by SMD Ventures, with participation from AirAsia’s digital investment arm Redbeat Ventures, Gobi Partners and East Ventures will help the company to expand its business across Europe, the UK, and the US.

With the Eko app funding, the workplace messaging app plans to target the Japanese market through its collaboration with Japanese conglomerate Itochu, which came followed by $2 Million in strategic funding.

The Bangkok-based company has snowballed its revenue more than 3 times in the past year and now counts a paid user-base of about half a million across sectors like retail, banking, hospitality, and other service-based industries.

Eko’s 24-year-old founder and CEO, Korawad Chearavanont, who is also the grandson of Southeast Asia’s richest man Dhanin Chearavanont, stated,

Eko app is designed to provide a better solution to the existing chat applications, ensuring that all employees are able to quickly understand the technology and adapt to its usage. It’s cost effective pricing makes it even more worthy alternative for companies looking to use the tool across thousands of employees.

Based on consumer’s reviews about Eko’s products, they have experienced benefits such as accelerated digitization of workflows, notable communication efficiency, increase in employee engagement rate and other productivity gains.

Since the Workplace messaging and collaboration app is competing with giants like Facebook and Microsoft, Korawad differentiates his product with the two workplaces in the best possible way by saying,

He further added,

Eko app Communications is working towards making it easier for companies to transit their communication source to a more secure and efficient system with APIs to help them integrate legacy systems.

Vikram Khajuria
Written By
Vikram Khajuria

Jack of all trades. Covering the journalism field, Vikram writes at MobileAppDaily and keeps surfing the trends to understand tech and inventions better. Don’t forget his driving skills, he is a professional car rallyist. Life has just got better. Breathe it!!

Top Companies

Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
New Delhi, India
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

Paid iPhone Apps at Free of Cost for a Limited Time

James Lawson 4 min read  

iPhone is known as the most popular mobile device and ensures that all apps and functions are performing the way Apple want them to perform, giving them an amazing user experience. The FaceTime feature is the biggest benefit to the users. This feature uses the phone's front-facing camera to pave

Mobile App

JPMorgan Chase Bank Links Samsung Pay To Its App As A Payment Option

Vikram Khajuria 4 min read  

Chase, the US-based multinational bank has decided to upgrade its wallet payment app with the help of Samsung. Chase Bank customers who use the Chase pay wallet app has to use the QR scanning method to make in-store payment. This technology is much more troublesome compared to the latest methods lik

Mobile App

Uber Rival Lyft Added Google Maps To Its App As Default Navigation For The Drivers

Joshua Anderson 4 min read  

Lyft, the American ride-hailing service continues the fight of winning the drivers with Uber by adding a new feature to the app. The company is working to enhance the driver experience and garner maximum number drivers for the service.{IRP}The new update from Lyft enables the drivers to navi

Mobile App

Bird All Set To Deliver Its New Electric Scooter Straight To People's Houses

Vikram Khajuria 2 min read  

Electric Vehicles or EV’s certainly holds the future for us and going by the same, Bird, the electric scooter-sharing startup worth $2 billion, has launched its new “Bird Zero” scooter that has 60 percent more battery life, and better ride stability, coupled with durability than th