Bikayi, a Hyderabad, India-based social e-commerce platform, raised $10.8 million in a Series A funding led by Sequoia Capital India.
Bikayi plans to use the funds to accelerate product development, acquisition, and talent hiring as part of its intentions of scaling its offerings.
Round: Series A
Funding Month: September 2021
Lead Investors: Sequoia Capital India
Company Website: https://app.bikayi.com/
Software Category: Social e-commerce platform
About the Company: Founded by Sonakshi Nathani and Ashutosh Singla, Bikayi provides digital storefronts to small and medium-sized businesses (SMBs). The features include catalog listing, shipping facility, payments, and also insights on customer behavior to manage their e-commerce stores via WhatsApp. Bikayi said its merchant base has grown 5 times over the last eight months. The platform has seen an 1800% growth in annual gross merchandise value.