JANDI, a Korean domestic collaboration platform developed by Korean startup Toss Lab, has seen one of its fastest growth in the last quarter. The cumulative use of JANDI has exceeded 300,000. The non-face-to-face work environment feature of the platform has accelerated its growth in times of the COVID-19 pandemic. JANDI surpassed 300,000 teams in about a year after recording 220,000 teams for the first time in January 2020 when COVID-19 began to spread in Korea.
JANDI sees 100% revenue growth
JANDI is a successful communication platform designed for corporate businesses. It is dubbed as an Asian version of ‘Slack.’ JANDI saw new clientele in the mid-to-large company sector with tire makers like Nexen Tire, engineering companies like Top Engineering, Shinsung Engineering, fashion platform Musinsa, etc. joining the platform. JANDI’s integration with the Zoom app and enhanced security features with advanced admin dashboards gain popularity among corporate clients.
According to JANDI internal data, features such as message usage and file storage capacity saw more than 83% in the period. Indices also point towards an increase in retention as JANDI recorded a renewal rate of 120%. JANDI saw an average sales growth rate of almost 100% and more in the period as the number of users increased.
Expansion plans for Asia
Since its establishment in 2014, Toss Lab has been recognized for its growth potential and has attracted a cumulative investment of 27 billion won. It is also a global service used in over 60 countries, including Taiwan and Japan. Daehyun Kim, CEO of Toss Lab, said, “The corporate customer that JANDI has secured while researching how to work and servicing collaboration tools since 2015 is a strong asset that has enabled us to lead the domestic collaboration tool market. Thanks to our achievements, we will leap forward to become the best B2B SaaS company in Asia beyond Korea.”
Toss Lab had received its Series A funding in two stages, with $2 million in 2014 from Softbank Ventures, Cherubic Ventures, and others. In 2016, the startup had raised $2.5 million from Qualcomm Ventures and HnAP. The company infused the funds to expand and hire teams across Southeast Asia. In September 2020, the startup had raised a $13 million Series B funding led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group and other investors included SV Investment, Atinum Investment, Must Asset Management, Shinhan Capital SparkLabs, and T Investment.
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