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.
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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.
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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.”
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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.
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