Update: Mandar Vaidya, founder of Call Recall, has informed MediaNama that Eki Communications had not received any investment from SCFPL earlier, and the angel round of funding from Blume Ventures and Rajiv Dadlani group is the first round of funding received by the company.
Earlier: Eki Communications has raised $250,000 (Rs 1.12 crore) in its angel round from Blume Ventures and the Rajiv Dadlani Group, a consortium of angel investors, reports TechCircle. The company intends to utilize the funds for expanding its business, hiring people and bringing its product Call Recall to more mobile platforms.
MediaNama readers would recall that last year Shapoorjee Chandabhoy Finvest (SCFPL) had informed that it had made an investment of $1 million in Eki, which was later confirmed by a VCCircle report stating that SCFPL had acquired a 20% stake in the company through the investment. Later, Farzan Ghadially, President, SCFPL, had clarified that the deal was in final stages and not closed. A notice was later published on Recall.in, a consultancy founded by Call Recall founder Mandar Vaidya, denying the investment. We’re not sure if this ever went through, and we’re waiting to hear from Eki. No response, despite several attempts.
Eki has developed a mobile solution for the enterprise segment by the name of Call Recall, a voice based collaboration tool that enables businesses to implement knowledge creation, tagging, transmission, archival, searching and sharing across geographies, in a secure manner, since the transmitted information is encrypted. The platform supports Android, BlackBerry, Symbian, Windows Mobile and J2ME platforms and an iOS release is in the pipeline. The service offers integration with SAP, NetSuite, Oracle CRM and Microsoft Dynamics. The company’s customers include a leading automotive manufacturer, a leading project management consulting company and an infosystems major’s hardware division.
While a voice based mobile collaboration tool for the enterprise segment will enable firms with a large mobile and on-field workforce to increase productivity, there’s very little on Eki’s website on what exactly it does: no detailed information about the product, no online demo or an FAQ. We’re still waiting to hear from Eki.