Affordable Internet Services Startup Wiom Raises Rs 140 Cr in Funding

Delhi-based Wiom, a pioneering initiative aiming to provide affordable and unlimited home internet access to the next 100 million lower and middle-income households in India, has successfully raised Rs 140 crores in its Series A funding round led by RTP Global.

A group of prominent investors participated in this funding round, including YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One, and 9 Unicorns.

The recently secured funds will be utilized to expand Wiom’s presence to cities across India, while also focusing on recruiting top-tier talent and developing a distributed delivery architecture.

Prior to this, Wiom had raised $4 million in a seed funding round led by YourNest and 9 Unicorn in April of the previous year.

Founded in 2020 by Satyam Damora, Nishit Aggarwal, Ashutosh Mishra, and Maanas Dwivedi, Wiom operates as a cutting-edge internet platform that acquires unused internet from existing users and offers it to those seeking affordable internet options for as low as INR 5 per day.

By leveraging the PM WANI architecture, Wiom embraces the principles of shared economy and web 3.0 to achieve its mission of providing affordable home internet to all.

It’s important to note that Wiom is not an ISP but a pioneering platform that is revolutionizing the delivery of internet services. Operating as a Public Data Office Aggregator (PDOA), Wiom authenticates users and connects them with their preferred local access point, while charging a specific amount for the service.

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