B2B startup Bikayi has raised a seed funding of $2 million from international investors, including Mantis ventures.
Promoted by the popular band Chainsmokers, Mantis is a $50 million VC fund and this investment in Bikayi is their first investment.
The startup plans to use the funding amount to hire more talent to develop its platform, accelerate product development, and onboard a million new merchants.
Founded by Ashutosh Singla and Sonakshi Nathani in 2019, Bikayi is a Hyderabad-based startup that provides free WhatsApp integrated E-Commerce Store, set up within 2 mins, get payment gateways and WhatsApp order tracking. The app is available on Google Play Store.
Being used by wholesalers, grocery stores, manufacturers, and retailers from 3,000+ towns across India, the startup claims that merchants on its platform are already doing daily transactions of over Rs 2 crore.
The startup also said more than 53% of their merchants are coming in from Tier III and IV cities.
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