Bikayi, an e-commerce startup that helps small businesses digitise their offerings, has raised $10.8 million in Series-A funding round led by Sequoia Capital India. Earlier in August 2020, the company raised $2 million as a part of its seed round of funding led by Y Combinator.
The startup plans to utilise the capital to accelerate product development, acquisition, and talent hiring.
Founded in 2019 by Sonakshi Nathani and Ashutosh Singla, Bikayi is a Whatsapp-integrated platform that provides businesses with a digital store-front, 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.
Sonakshi Nathani, Co-founder and CEO, Bikayi, said, “Our vision is to empower every small business to win in the emerging online market by providing them with affordable tools helping them achieve unimaginable goals. We are on a mission to fulfil the aspirations of millions of small businesses that drive our economy. There are merchants who have made more than a million dollars via Bikayi e-stores in the span of a year. Such stories keep us obsessed to do better for our customers every single day.”
Shraeyansh Thakur, Vice President, Sequoia Capital India, said, “India is on the cusp of an e-commerce revolution and we believe small and medium businesses (SMBs) will play a pivotal role in shaping this landscape over the next decade. India is home to over 75 million SMBs, which account for over 30 per cent of India’s GDP, employ over 130 million, and form the backbone of the economy.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.