Wiom, a telecommunications startup, has raised $35 million (INR 290 crore) in its latest funding round. This round, led by Accel and Prosus, will help drive Wiom’s mission of providing affordable internet across India. The funding has increased the company’s valuation to $200 million, enabling it to expand its platform and services further.
Founded in 2015 as i2e1, Wiom started by providing high-speed internet to cafes and offline retailers. After the launch of the PM-WANI scheme in 2020, Wiom pivoted and rebranded in 2021. The company now focuses on delivering affordable internet through its platform-led distribution model.
Wiom offers unlimited internet plans ranging from INR 4 to INR 16. These plans are available on a two-day basis, making internet access more affordable for middle and lower-middle-income households.
Currently, Wiom operates over 70,000 Wi-Fi hotspots. It partners with local internet operators, using a revenue-sharing model to scale its operations. The company plans to reach 5 crore homes and 50 crore users in the next five years.
With these plans, Wiom is set to play a crucial role in India’s digital transformation. By providing internet access, Wiom aims to empower millions of people for education, business, and more.
