Sequoia leads $10.8 mn Series A funding in e-commerce enabler Bikayi

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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

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