Four people familiar with the matter told me that Bikayi is in talks to raise $50 million in a new financing round, which would help it scale its platform that helps small businesses set up and run their e-commerce stores.
The sources said that Tiger Global and Sequoia Capital India are in talks with the Indian startup to lead its Series B round. Two sources said that Sequoia Capital India is positioning to lead the round.
People for Bikayi, Tiger Global, and Sequoia Capital India did not respond to requests for comment.
Businesses can accept payment digitally and make orders from various online and offline sources. Businesses can use the platform to set up their e-commerce stores on the platform and also launch their own apps that they can distribute to customers.
The startup has partnerships with delivery firms. One of its investors describes Bikayi as a tool that integrates the entire infrastructure of commerce onto one platform.
Businesses can take advantage of several of Bikayi's offerings for free. It takes a small fee if they want to broaden their online product catalogs.
The entire platform has been designed to make it easy to integrate with other applications, and it is even more exciting to see the impact their product is having on small businesses.
Scores of firms, including Reliance Retail and Amazon, are helping merchants.
According to an investor deck dated last month and reviewed by TechCrunch, Dot Pe has amassed over 9 million customers and is earning $4 million in ARR. In the investor deck, it was revealed that the startup has assisted over 26 million transactions.
According to reports, ElasticRun, which is helping hundreds of thousands of neighborhood stores across hundreds of Indian cities and towns secure inventory and working capital, is in talks with SoftBank to raise about $200 million at a $1 billion valuation.
All Rights Reserved © 2024
