Bikayi, a Hyderabad, India-based social e-commerce platform, raised $10.8 million in 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.
Company: Comida Technologies Private Limited
Raised: $10.8M
Round: Series A
Funding Month: September 2021
Lead Investors: Sequoia Capital India
Additional Investors:
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.
Source: https://www.techcircle.in/2021/09/03/techcircle-digital-boardroom-unleashing-the-roi-of-data-with-ankit-mathuria-oyo-vinod-ganesan-cloudera-and-shalil-gupta