Total amount raised
₹1.7 Billion
Latest funding date
7/1/2023
Location
Wiom has successfully raised funding over 8 rounds, with the latest being a Secondary Market round. The company is backed by 17 investors, including notable names like Prosus Ventures and Accel.
Keep reading to explore the intricacies of Wiom's fundraising journey and the investors backing this innovative platform.
What Is Wiom?
Wiom is a technology company based in New Delhi, India, providing internet services to middle and lower-middle-income households. The company operates in various industries, including Big Data, Database, Information Technology, Internet, and Telecommunications.
With a workforce of 101-250 employees, Wiom has successfully raised funding through multiple rounds, attracting notable investors such as Prosus Ventures and Accel. The company is private and operates in the secondary market.
How Much Funding Has Wiom Raised?
- Seed Round
- Amount Raised: USD 500,000
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial service offerings.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the business model and expand initial market reach.
- Series A
- Amount Raised: USD 3,000,000
- Date: November 2017
- Lead Investors: Omidyar Network
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service delivery.
- Seed Round
- Amount Raised: INR 300,000,000
- Date: April 2022
- Lead Investors: 100Unicorns, YourNest Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and improve technological infrastructure.
- Series A
- Amount Raised: INR 1,400,000,000 (USD 17,100,000)
- Date: July 2023
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand footprint across Indian cities and enhance distributed delivery architecture.
- Series B
- Amount Raised: USD 35,000,000
- Date: June 2025
- Lead Investors: Accel, Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and expand service offerings.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: USD 55,600,000
Current Valuation: Not publicly disclosed
Key Investors
- Prosus Ventures
- Details: Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world. They focus on building leading consumer internet companies in markets with long-term growth potential.
- Investment Focus Areas: Internet services, e-commerce, fintech
- Notable Investments: Tencent, Delivery Hero, Swiggy
- Accel
- Details: Accel is a venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of growth. They have a long history of backing companies that have become household names.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Facebook, Dropbox, Slack
- RTP Global
- Details: RTP Global is a venture capital firm that invests in early-stage technology companies. They have a global presence and a strong track record of supporting innovative startups.
- Investment Focus Areas: Fintech, healthtech, edtech, consumer internet
- Notable Investments: Cred, Practo, Delivery Hero
- Omidyar Network India
- Details: Omidyar Network India is an investment firm focused on impact investing. They support innovative solutions that drive social change and improve lives.
- Investment Focus Areas: Financial inclusion, education, digital identity
- Notable Investments: 1mg, Aspiring Minds, Dailyhunt
- YourNest
- Details: YourNest is an early-stage venture capital firm focused on nurturing technology-driven startups. They aim to support companies that have the potential to become market leaders.
- Investment Focus Areas: Technology startups, deep tech, IoT
- Notable Investments: Uniphore, Mycity4kids, Arya.ai
What's Next for Wiom?
Wiom's future is brimming with opportunities as it aims to expand its footprint across Indian cities, leveraging the PM-WANI framework to provide affordable internet access. With a goal to reach over 15 crore users in the next five years, the company is poised to make a significant impact in a market where home Wi-Fi penetration is currently at just 10%, compared to the global average of 80-85%.
Given the substantial market potential, Wiom is likely to attract further investor interest, paving the way for additional funding rounds to support its ambitious growth plans. The recent Series A funding of INR 140 crore ($17.1 million) led by RTP Global is a testament to the confidence investors have in Wiom's vision and execution capabilities.
However, the path ahead is not without challenges. Wiom will need to navigate regulatory hurdles, ensure the quality and reliability of its services while keeping costs low, and compete with established players in the telecom sector. Scaling operations to meet the ambitious target of reaching 15 crore users will require strategic planning and robust execution.
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