Wiom raises $17M in Series A funding to expand high-speed internet services in India. RTP Global, YourNest, and Omidyar Network India lead the funding round. Wiom’s platform-led distribution model provides affordable 24/7 unlimited internet access to middle- and lower-middle-income households. Founded by Satyam Darmora, Nishit Aggarwal, Ashutosh Mishra, and Maanas Dwivedi, Wiom aligns with the PM-WANI initiative to bridge the digital divide in India.
Empowering Digital Inclusion
With Wi-Fi penetration at only 10% in India compared to the global average of 80-85%, Wiom has identified a significant market opportunity for digital inclusion. In just 18 months, the company has achieved remarkable progress, amassing a user base of over 300,000 in Delhi alone. By leveraging the PM-WANI framework, Wiom aims to reach an impressive user base of more than 150 million within the next five years.
Fueling India’s Internet Growth
The demand for affordable and high-speed internet services in India is growing exponentially, making Wiom’s business model highly relevant and promising. The company’s goal is to be a major contributor to the government’s vision of creating 50 million PM-WANI hotspots across the country. This vision aligns with the rising need for seamless internet connectivity, which is becoming an essential part of modern life, akin to air, water, and food.
Confidence in Wiom’s Potential
Investors have shown immense confidence in Wiom’s business model and growth prospects. With a unique India-specific approach to internet access and a team that combines business innovation and technical excellence, Wiom has captured the attention of investors like RTP Global and YourNest.
Fueling India’s Digital Revolution
As Wiom expands its services and technology, it aims to play a pivotal role in fueling India’s digital revolution. By providing affordable internet access to millions, the company is empowering individuals and communities, enabling them to harness the vast potential of the digital world.
In a country where internet penetration has vast untapped potential, Wiom is on a path to make a meaningful impact on the lives of millions by bridging the digital divide and empowering India’s digital transformation.