Kovai.co acquires B2C SaaS startup Floik acquired by B2B SaaS provider Kovai.co
Bengaluru-based B2C SaaS startup Floik has been acquired by enterprise software and B2B SaaS provider Kovai.co.
Kovai.co, based in Coimbatore, claims that this action is intended to improve the functionality of Document360, its AI-powered knowledge management system. Over 2,500 customers worldwide will benefit from the integration of Floik’s interactive demos, videos, and guides into Document360’s industry-leading knowledge base features.
Floik, a platform backed by Elevation Capital and founded in 2020 by Vartika Bansal and Vidyasankar Krishnamurthy, allows businesses to make interactive product guides and demos. These tools improve user adoption and experience by smoothly guiding users through software features. Floik claims to serve over 8,000 users worldwide and has seen tremendous growth in the SaaS sector. To date, the company has raised $3.52 million.
With this acquisition, Kovai.co hopes to demonstrate its dedication to innovation and customer success by incorporating Floik’s interactive demo and guide capabilities straight into its Document360 platform, further enhancing its knowledge management offerings.
Floik’s interactive tools will enable users to create a more impactful and engaging experience, enabling end users to fully comprehend and utilize software capabilities, claims Kovai.co. Additionally, Kovai.co predicts a 35% increase in revenue in its knowledge management category year over year.
Six Floik employees have joined Kovai.co to improve customer service and product development continuity. The team, led by Vidyasankar Krishnamurthy, will keep improving the product’s features and assisting with its implementation among Document360’s large global clientele.
Kovai.co is a leading enterprise software company that was founded in 2009 by Saravana Kumar. It offers a variety of products at scale in the enterprise and B2B SaaS sectors, offering solutions for revenue growth.
