EkAnek gets backed by Alpha Wave Incubation in Series A1 Funding Round
The company intends to utilize these funds to strengthen its presence in Abu Dhabi.
Founded in 2018, EkAnek is the parent company of Foxy, an artist led commerce platform for beauty, grooming and personal care. The company has also launched Foxy Live, a live-streaming and social commerce platform that enables brands and influencers to interact with their followers online through a real-time video interface, across multiple social channels. The company also enables beauty and grooming brands to use Foxy’s technology and logistics modules for warehousing, shipping, curation, marketing and video commerce.
Navroz Udwadia, MD, Falcon Edge Capital, said: “We are delighted to partner with EkAnek. Foxy will offer mobile-first consumers a differentiated approach to supply, curation and fulfilment of beauty products. In addition, EkAnek’s unique B2B2C full-stack offering will drive tighter brand relationships with the platforms and consumers, to offer consumers globally an unrivalled experience of beauty products.”