[Funding alert] Wiom Secures INR 140 Cr In Series A Funding Round

Wiom, a telecom startup based in Delhi, secured Rs 140 crore in its Series A fundraising round, which was spearheaded by RTP Global. In addition to Alteria Capital, YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Stride Ventures, Stride One, and 9 Unicorns, these investors also contributed to the round.

Read also - [Funding alert] Beyond Snack Raises $3.5 Mn led by NABVENTURES Fund

With the additional investment, Wiom will concentrate on growing its presence in Indian cities while putting money into distributed delivery architecture and top-notch talent, as reported by Inc42.com

“Air, Water, Food and Internet are the new essentials of modern life. Every individual in our country must be able to afford 24/7 unlimited Internet. Using cutting edge technological disruptions, Wiom paves the way for a future where connectivity knows no boundaries, where dreams can be realised, and where every Indian can harness the transformative power of the internet,” Satyam Darmora, founder of Wiom said.

Read also - [Funding alert] Effectiv Secures $4.5 Mn In Seed Funding Round

Nishit Garg, partner, RTP Global said, "We’ve always believed in companies that are able to build India specific business models. With the home broadband penetration in the country at a meagre 10% odd; we believe Wiom is uniquely positioned to capture this opportunity. They have innovated across the value chain and are seeing tremendous traction already."

Read also - [Funding alert] Kapture CX Seures $4 Mn In Series A Round

About Wiom

Satyam Darmora founded Wiom, which offers unlimited, low-cost Internet to households with middle-class and lower-middle incomes. Wiom, a cutting-edge platform that is changing how the Internet is delivered, is NOT an ISP. In the next five years, it intends to serve 50 crore people and 5 crore households.

Read also - [Funding alert] Together Fund Launches $150 Mn Fund II