Bikayi is ready score $10-$11 Mn in Series A round drove by Sequoia

WhatsApp coordinated vendor online business stage Bikayi is good to go to raise a new round from new and existing financial backers, said three individuals mindful of the arrangement.

This will be another interest in the juvenile web based business enablement space after Dot, which had raised a $27.5 million round in March. Dukaan and Khatabook, who additionally work in a similar space, are likewise in converses with raise new adjusts.

“Bikayi is raising $10-11 million drove by Sequoia Capital,” said one of the sources mentioning secrecy as talks are yet to be public. “The term sheet has been marked and the arrangement is practically done.”

Bikayi had brought $2 million up in its seed round from Mantis Ventures, Y Combinator and Pioneer Fund. The two-year-old startup, established by Sonakshi Nathani and Ashutosh Singla, was a piece of Y-Combinator’s Summer Batch of 2020.

“Pioneer Fund alongside different financial backers will likewise partake in the round. Bikayi is probably going to be esteemed at around $45 million in the Series A round,” said the subsequent source.

Questions shipped off Bikayi, Sequoia and Pioneer Fund didn’t get any quick reaction. We’ll refresh the post in the event that they do.

The Hyderabad-based startup gives an advanced customer facing facade and highlights including index, delivering, installments for supermarkets, wholesalers, producers and retailers to oversee web based business by means of WhatsApp. As per the organization’s site, in excess of 10 lakh organizations have used its free and paid highlights.

The organization’s membership plans range from Rs 417 to Rs 833 every month.

Dukaan and Khatabook were the underlying contenders to Bikayi in the web based business enablement section, in any case, the ‘computerized dukaan’ space currently has expanded rivalry with the passage of Lightspeed-sponsored OkShop (by OkCredit) and Digital Showroom by Dot.

While Bikayi is the lone part in the space which is right now adapting through memberships, most others battle to hold traders and drive exchanges for them. As indicated by specialists, they require a coordinated biological system comprising of the production network, coordinations and client the executives.