We are pleased to share that our portfolio company Wiom has successfully raised US$ 40 mn in a Series-B funding round, led by Bertelsmann India Investments and Accel. The round also saw participation from Prosus, Promaft Partners, and existing investor RTP Global.
Founded in 2015, Wiom operates as India’s largest licensed Public Data Office Aggregator (PDOA) under the government’s Prime Minister Wi-Fi Access Network Interface (PM-WANI) scheme, which helps expand affordable public Wi-Fi hotspots across India, especially in rural and underserved areas. The company currently facilitates access for about one million monthly active users mostly in Tier 2 and 3 towns and villages through relationships with over 100 ISPs.
Wiom plans to utilise this capital for product development, hiring across technology and operations, and scaling distribution into more underserved towns and districts across India.
Kudos to the founding team of Satyam Darmora, Nishit Aggarwal, Maanas Dwivedi and Ashutosh Mishra as well as the entire Wiom team for this milestone. We are proud to continue backing their journey to bridge the digital divide.
At YourNest, we invested in Wiom in 2021 at an early stage, believing in their bold mission to democratise access to affordable internet across India. Since then, the team has built deep execution capabilities and is now serving millions of users across urban and semi-urban regions.
