New Delhi-based telecom startup Wiom on Thursday said it has raised $17 million in a mix of equity and debt as a part of its Series A funding round led by global venture capital firm RTP Global. YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns also participated in the round. …
Wiom provides affordable internet to middle- and lower-middle income households through its platform-led distribution model. Wiom’s model taps into the PM-WANI framework, the India government’s programme to provide affordable internet to 500 million people in the next five years. With the home broadband penetration in the country at a meagre 10 per cent odd; we believe Wiom is uniquely positioned …
