# EkAnek Networks Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ekanek-networks-pvt

- Industry: Internet
- Headquarters: Delhi, India
- Website: http://www.ekanek.io
- Total disclosed funding: $16M
- Latest round: Series A (Sep 22, 2022)
- Investors on record: 5

## About

EkAnek Networks Pvt. Ltd. is a technology company specializing in digital solutions for website creation and management, aimed at simplifying the online presence for businesses and individuals.Founded in 2018 in Delhi, India, EkAnek Networks Pvt. Ltd. focuses on providing innovative digital solutions. The company was co-founded by Kartik Sheth, Nikhil Gilani, and Sachin Singhal, with Kartik Sheth serving as the CEO. In September 2022, the company raised INR 14.44 million in Series A funding from Trifecta Capital, which brought the total amount raised to INR 14.44 million. As of now, the company has completed 3 deals and has a current valuation of INR 6902.368 million.EkAnek Networks Pvt. Ltd. primarily provides digital solutions designed to streamline website creation and management. Their offerings include a user-friendly website builder that enables users to create professional websites without extensive technical skills. The platform caters to a diverse clientele including small businesses, freelancers, and creative professionals, and offers various templates and design tools to enhance user engagement. The company serves clients across North America, Europe, and Asia.In the most recent year, 2023, EkAnek Networks Pvt. Ltd. generated revenue of INR 4,497,257.4 with an EBITDA of INR -3,313,643.4. The company operates on a subscription-based revenue model, allowing clients to access its website-building platform via monthly or annual subscriptions. This model is designed to foster long-term relationships with businesses looking to enhance their online presence.Moving forward, EkAnek Networks Pvt. Ltd. aims to launch new product offerings and enhance its existing platform through upcoming features designed for improved user experience. The company is targeting expansion into new geographic markets, with specific plans for entering additional regions in North America and Europe by the end of 2024. The recent funding raised in September 2022 will be utilized to support these growth initiatives, enabling the company to accelerate product development and market outreach.

## Funding rounds

- Series A, Sep 22, 2022, $0.2M — Trifecta Capital
- Series A, Oct 5, 2020, $5.5M — Lightspeed Venture Partners, Hong Shan, Alpha Wave Investors, Z47
- Seed, Mar 13, 2019, $10M — Lightspeed Venture Partners, Hong Shan, Z47

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Hong Shan — Seed, Series A
- Z47 (https://capitalatlas.ai/funds/z47) — Seed, Series A
- Alpha Wave Investors — Series A
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series A