[Funding alert] Bikayi raises $10.8M in Series A led by Sequoia Capital India

Bikayi, a Hyderabad-based versatile business empowering influence, has brought $10.8 million up in Series A subsidizing round drove by Sequoia Capital India. Prior in August 2020, the organization had raised $2 million as a piece of its seed round drove by Y Combinator. 


Established in 2019 by IIITians Sonakshi Nathani and Ashutosh Singla, the YourStory Tech30 startup Bikayi empowers little and medium-sized organizations (SMBs) to increase on computerized stages accordingly empowering them to contact a more extensive crowd base. 


The stage gives organizations a computerized customer facing facade, proficient elements, and apparatuses to assist them with developing. A portion of the provisions incorporate a Dedicated Business Coach, Catalog Listing, Shipping Facility, Payments, and furthermore Insights on Customer Behavior to deal with their web based business stores through a solitary stage. 


"Our vision is to enable each independent venture to win in the arising on the web market by furnishing them with reasonable devices, assisting them with accomplishing incredible objectives. We are determined to satisfy the yearnings of millions of private ventures that drive our economy. There are vendors who have made in excess of 1,000,000 dollars by means of Bikayi e-stores in the range of a year. Such stories keep us fixated to improve the situation for our clients each and every day." 


With its vendor base developing at 5x in the course of the most recent eight months, Bikayi's yearly Gross Merchandise Value (GMV) has grown 1800% close by. The organization at present has multiple million+ enlisted clients on the stage. Bikayi is assisting them with selling their items across India. 


With the mean to increase item contributions, the organization intends to utilize this funding to speed up item improvement, securing, and ability recruiting. 


Shraeyansh Thakur, Vice President, Sequoia Capital India, added, 


"India is on the cusp of an internet business upset and we accept little and medium organizations will assume an essential part in molding this scene throughout the following decade. India is home to more than 75 million SMBs, which represent more than 30% of India's GDP, utilize more than 130 million, and structure the foundation of the economy. Fast digitisation of SMBs and the extending of the online business biological system are tremendous patterns in India, and Bikayi is building a cutting edge item that sits at the conversion of both these patterns, incorporating the whole foundation of trade onto one single stage."


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