Funding

Bikayi has raised $10.8 million in the Series-A funding round.

WhatsApp integrated merchant e-store platform Bikayi has raised $10.8 million in Series-A funding round, led by Sequoia Capital India. In August last year, the startup had raised $2 million as a part of its seed round led by Y Combinator. fresh funds will be used to accelerate product development, acquisition, and talent hiring the company said.

“Our vision is to empower every small business to win in the emerging online market by providing them with affordable tools, helping them achieve unimaginable goals. We are on a mission to fulfil the aspirations of millions of small businesses that drive our economy,” Bikayi’s co-founder and (CEO) Nathani said.

Based in Hyderabad Bikayi was founded in the year 2019 by IIITians Ashutosh Singla, Sonakshi Nathani. for empowering SMBs enabling them with Whatsapp E-Commerce and a social e-commerce platform that allows merchandisers to create their online channel & communicate with subscribers in real-time. The company offers professional features and tools to help these small businesses grow. These features include a dedicated business coach, catalog listing, shipping facility, payments, and insights on customer behavior.

“India is on the cusp of an e-commerce revolution, and we believe small and medium businesses will play a pivotal role in shaping this landscape over the next decade. India is home to over 75 million SMBs, which account for over 30% of India’s GDP, employ over 130 million, and form the backbone of the economy,” said Shraeyansh Thakur, Vice President, Sequoia Capital India,

Bikayi provides features such as catalog, shipping, payments for grocery stores, wholesalers, manufacturers, and retailers to manage e-commerce via WhatsApp. According to the company’s website, more than 10 lakh businesses have utilized its free and paid features.

The company claims to have over 4 million registered users on its platform. Its subscription plans range from Rs 417 to Rs 833 per month.

Ravi Tilekar

Share
Published by
Ravi Tilekar

Recent Posts

Cars24 raised $450 million in a Series F round of funding.

Cars24, an e-commerce platform for used vehicles which became a unicorn last year in its…

1 day ago

ePayLater, a fintech startup, has raised $10 million in a recent round of funding.

Fintech startup ePaylater has raised $10 from its investors which includes Zurich-based Responsibility Investments AG,…

2 days ago

Ippo Pay has raised $250,000 in pre-seed funding from early-stage investor.

IppoPay has raised $250,000 of the estimated amount from an early-stage investor, Better Capital, along…

4 days ago

Asian Merchant commerce giant Pine labs raised another $100 million, readying to file an IPO.

The company was valued at $3.5 billion after it raised around $600 million in its…

5 days ago

“Apna” The fastest domestic startup to reach Unicorn Club.

There was a buzz of making Apna app the fastest domestic startup to reach unicorn…

5 days ago

Shobitam: Democratizing Ethnic Fashion Globally.

Shobitam is a startup based in Bangalore and Seattle, with a big bold vision to…

1 week ago