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Merchant e-commerce platform Bikayi to raise $11-M led by Sequoia

Entrackr  

WhatsApp-integrated merchant e-commerce platform Bikayi is to raise USD 10-11 million led by Sequoia Capital in a fresh round from new and existing investors. Pioneer Fund, along with other investors, will also participate in the round. Bikayi is likely to be valued at around USD 45 million in the Series A round. The Hyderabad-based startup provides a digital storefront and features including catalog, shipping, payments for grocery stores, wholesalers, manufacturers and retailers to manage e-commerce via WhatsApp. It had raised USD 2 million in its seed round from Mantis Ventures, Y Combinator and Pioneer Fund. The two-year-old startup was a part of Y-Combinator's Summer Batch of 2020.