VC Fund Investments
SME e-commerce enabler Bikayi raises $10.8 M from Sequoia Capital India, others
Hyderabad-based Bikayi, a mobile-commerce enabler platform, has raised USD 10.8 million (about INR 79 crore) in funding led by Sequoia Capital India. The Series A round also saw participation from existing investors like Y Combinator and Pioneer Fund. The company plans to use the fresh capital to accelerate product development, acquisitions and hiring. Founded in 2019 by Sonakshi Nathani and Ashutosh Singla, Bikayi enables small and medium-sized businesses (SMBs) to scale up on digital platforms. The platform has more than 4 million registered users.
From the Venture Intelligence PE-VC Deal Database: In Aug-20, Bikayi had raised $2-M from Pioneer Fund and others.
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