Unlocking a new era in telecommunications, London-based startup shaka emerges from stealth mode with a groundbreaking $1 million seed funding round, positioning itself as a disruptor in the mobile connectivity landscape. Spearheading the charge are visionary investors like Haatch, Purple Ventures, and Antler, alongside notable telecommunications angels.
In a world dominated by lengthy setups, high costs, and outdated telco systems, shaka steps into the limelight, offering brands a game-changing solution. With a unique Software-as-a-Service (SaaS) product and a streamlined API layer, shaka enables brands to provide instant, cost-free mobile plans to their customers. The secret sauce? Innovation in eSIM technology, which is already reshaping the traditional telecom value chain.
Fresh out of stealth mode, shaka secures a significant $1M seed funding, led by prominent investors Haatch, Purple Ventures, and Antler. This capital injection propels shaka to realize its global vision: offering brands the ability to provide mobile packages with a simple click, disrupting the telecom space and challenging the monopoly of traditional providers. The newly acquired funds strategically position shaka to capitalize on the rapidly growing eSIM market.
As the eSIM market skyrockets to a worth of $4.7 billion, shaka aims to ride this wave, revolutionizing how mobile devices connect globally. By 2025, 98% of operators plan to offer eSIM technology, with penetration expected to soar from 20% in 2023 to 80% in the next five years. Shaka, already attracting large brands to adopt this innovative technology, is set to play a pivotal role in this transformative journey.
The $1M seed funding not only positions shaka as a force to be reckoned with in the eSIM revolution but also fuels its global aspirations. By onboarding high-profile clients and expanding beyond the UK market, shaka aims to empower brands worldwide, offering seamless mobile networks to customers. The telecom industry is on the cusp of a technological shakeup, and shaka is at the forefront, ready to redefine how we connect in the digital age. As Jonas Jelinek, CEO and co-founder of shaka, states, "Brands are closer to consumers than ever before...can be done with shaka with a single API call." Shaka is not just changing the game; it's rewriting the rules.
