WIOM, a telecom startup, has raised $4 Million in a seed funding round led by YourNest and 9 Unicorn. Several existing investors, including Auxano and Omidyar Network India, also participated in the funding round.

The telecom startup will use the raised funds to scale its business, invest more in the technical stack, and enhance its product offerings.

WIOM | Affordable And Unlimited Internet

Founded by Satyam Darmora, Nishit Aggarwal, Natraj Akella, Maanas Dwivedi, and Ashutosh Mishra in 2015, WIOM was earlier called I2e1. The startup rebranded itself as WIOM in 2021, intending to create more than 1 Mn Wi-Fi Access Network Interface (WANI)-compliant hotspots across India.

Speaking about the development, WIOM founder Satyam Darmora said,

“We are in a hyper-growth stage and need to invest heavily to create a scalable tech stack to fulfil the increased demand for affordable internet. It is exciting to know that our vision aligns with incoming marquee investors. With their support and trust, we are confident that we’ll achieve our mission to serve 50 Mn households in the next 5 years.”

The telecom startup provides affordable and unlimited internet to middle and lower-middle-income households. WIOM is NOT an ISP, but it is a Public Data Office Aggregator (PDOA) which authenticates users and connects them with their local access point of choice after charging a specific amount.

Competing with the likes of HFCL, WiFi Dabba, among others, WIOM currently offers services only in Delhi but plans to expand across India. It claims to have more than 10,000 subscribers on its rolls and plans to scale up to 25X times in the next 12 months.

Additionally, the telecom startup claims to be working on a blockchain-based model that will enable local hotspots owners to earn cryptocurrencies against ‘extra internet capacity’.

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, Twitter and LinkedIn.