EKA is a revolutionary employee spending and business travel ecosystem that blends the new AI-driven automation, innovative spending tools, unmatched travel stock and AI-based fraud detection with incredible 24×7 live support to delight admins financial leaders, travel managers and employees alike — whilst also empowering businesses to capture employee spending and travel as a strategic lever for growth.
EKA started with incubation at IIT Mandi TBI, Catalyst, for its maiden start-up incubation program. All founding members stayed in a residential complex for one year on the campus and utilized coworking space, grants, technical mentoring and infrastructure support to focus as much of their energy as possible on creating products and services, evolving those products and services in the right ways and testing them before taking them to market. During the last two years, they have strived hard to deliver on the promise of innovation, selling and implementing products at enterprises across India and raising funds for growth. Catalyst handheld the team aiming to empower and support the growth and success by giving them access to resources, opportunities and funding. Started from four founders, today they are a team of 20 hardworking and highly dedicated folks. With continuous support from Catalyst, investors, board members, and a super-smart squad, they are trying to become a global leader in the corporate employee spending and travel segment. In 2018, Eka raised external funding of 1.72 Cr and 10 Lakh from IIT Mandi Catalyst. Recently, they raised a seed fund of 30 Lakhs more from Catalyst under NIDHI Seed Support. Currently, they have 50 plus corporate customers with companies like ICICI Bank, DTDC, Shuttl, Blackbuck, Bizongo, Truebil, Ofcspc, Oneculture, Detection instruments, Kinara capital, Raymond shared services, doc 32, awign, nysaa retail- One india family mart and expression of interest from Airtel, Reliance industries limited, Aditya birla fashion retail, Pidilite industries, V-mart, Adani electricity, Shapoorji palonji and many more.