Kovai.co, a leading enterprise software and B2B SaaS company has announced its acquisition of Bengaluru-based B2C SaaS startup Floik. This strategic move aims to bolster the capabilities of Kovai.co’s AI-powered knowledge management software, Document360, by integrating Floik’s interactive product demos, guides, and videos. The acquisition will enhance Document360’s knowledge base features, benefiting the company’s more than 2,500 global customers.
Launched in 2020, Floik was founded by Vartika Bansal and Vidyasankar Krishnamurthy with the support of Elevation Capital. The platform enables companies to create interactive product demos, videos, and guides to help users navigate software features, improving adoption and user experience. With a strong presence in the SaaS industry, Floik serves over 8,000 users worldwide and has raised $3.52 million to date.
With this acquisition, Kovai.co is set to integrate Floik’s interactive capabilities directly into its Document360 platform. This will provide customers with a more engaging and impactful user experience, ensuring they can fully understand and leverage the software’s capabilities. Kovai.co expects this integration to drive a 35% year-over-year revenue increase within its knowledge management category.
In addition to expanding its product offering, Kovai.co has welcomed six members from Floik’s team, including co-founder Vidyasankar Krishnamurthy, who will continue to enhance the product and provide support to Document360’s extensive global customer base.
Founded in 2009 by Saravana Kumar, Kovai.co has emerged as a premier player in the enterprise software and B2B SaaS sectors, providing innovative solutions that drive revenue growth for businesses across the globe. This acquisition reinforces the company’s commitment to delivering cutting-edge knowledge management solutions and improving customer success.
