Bikayi, a Hyderabad-based mobile-commerce enabler, has raised $10.8 Mn in Series A funding round led by Sequoia Capital India. Earlier in August 2020, the company had raised $2 Mn as a part of its seed round led by Y Combinator.
Bikayi enables small and medium-sized businesses (SMBs) to scale up on digital platforms thereby enabling them to reach out to a wider audience base. The platform provides businesses with a digital storefront, professional features, and tools to help them grow. Some of the features include a Dedicated Business Coach, Catalogue Listing, Shipping Facility, Payments, and also Insights on Customer Behaviour to manage their e-commerce stores through a single platform.
Started by IITians Sonakshi Nathani and Ashutosh Singla in 2019, Bikayi is a social e-commerce platform simplifying e-commerce for everyone and empowers small and medium-sized businesses (SMBs) by enabling them with Whatsapp E-Commerce.
Shraeyansh Thakur, VP at Sequoia Capital India, stated that the rapid digitisation of SMBs and the deepening of the e-commerce ecosystem are huge trends in India. She added that as Bikayi is building a next-gen product, the startup sits at the confluence of both these trends, integrating the entire infrastructure of commerce onto one single platform.
Categories: Venture Capital