Delhi-based telecom and technology startup Wiom on Thursday said it has raised Rs 140 crore ($17 million) in a Series A round led by RTP Global. YourNest and Omidyar Network India also participated in the round, along with Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns.<\/p>\n
\u201cWiom will now focus on expanding its footprint to cities throughout India while investing in high-quality talent and distributed delivery architecture,\u201d the startup said in a statement.<\/p>\n
Wiom aims to democratise access to affordable internet by leveraging the PM-WANI framework, which aims to provide affordable internet access to 500 million Indians over the next five years.<\/p>\n
Due to this framework, Wiom\u2019s customers can get affordable and unlimited internet starting at a mere Rs 10.<\/p>\n
In 18 months, Wiom said it has achieved a user base of over 3 lakhs in Delhi, and expects to reach more than 15 crore users in the next five years.<\/p>\n
In April 2022, Wiom secured seed funding of Rs 30 crores from YourNest, 9Unicorns and, a global tech giant. The funding round also witnessed the participation of a \u201cfew renowned angel investors\u201d along with existing investors Omidyar Network India and Auxano.<\/p>\n
\u201cAir, 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,\u201d said Satyam Darmora, founder of Wiom. \u201cWe are confident of becoming the largest contributor towards the country\u2019s target of 50 million PM-WANI hotspots across the country.\u201d<\/p>\n
\u201cWith 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,\u201d said Nishit Garg, Partner, RTP Global.<\/p>\n
\u201cWiom\u2019s innovative use of PM-WANI has been able to deliver democratised internet access to customers. We truly believe that they will be successful in their endeavour to fulfil the 50 million hotspot mission under PM-WANI in the near future,\u201d said Sunil Goyal, Managing Director, YourNest.<\/p>\n
\u201cWe remain firm believers in Wiom\u2019s vision to provide affordable, reliable, and ubiquitous internet access to the next half billion through the proliferation of wired home broadband across India. Empowered by the PM WANI model, Wiom\u2019s success can help accelerate the adoption of high-speed internet for millions of households and boost the digital evolution of our country,\u201d said Aditya Misra, Director, Omidyar Network India.<\/p>\n","protected":false},"excerpt":{"rendered":"
Delhi-based telecom and technology startup Wiom on Thursday said it has raised Rs 140 crore ($17 million) in a Series A round led by RTP Global. YourNest and Omidyar Network India also participated in the round, along with Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns. \u201cWiom will now focus on expanding its footprint to cities throughout India while investing in high-quality talent and distributed delivery architecture,\u201d the startup said in a statement. Wiom aims to democratise access to affordable internet by leveraging the PM-WANI framework, which aims to provide affordable internet access to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-800373","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=800373"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800373\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=800373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=800373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=800373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}