Wiom raises $40 million in growth funding to expand affordable broadband access across India.

Target Company Overview

Wiom, an innovative internet infrastructure platform based in Delhi, focuses on expanding affordable broadband access throughout India. Recently, the company announced that it secured $40 million in a growth equity round, spearheaded by Bertelsmann India Investments and Accel. This significant funding includes contributions from Prosus, Promaft Partners, and existing investor RTP Global, with roughly 90% of the capital raised classified as primary funding, according to founder Satyam Darmora.

Founded in 2015 originally as i2e1 and rebranded as Wiom in 2021, the firm has distinguished itself as India's largest licensed Public Data Office Aggregator (PDOA) under the Prime Minister’s Wi-Fi Access Network Interface (PM-WANI) initiative. This program aims to enhance the availability of low-cost public Wi-Fi hotspots, particularly in rural and underserved areas

Industry Overview

The expanding internet landscape in India reflects a growing demand for accessible digital infrastructure, especially in regions with limited connectivity options. As of now, only about 10% of India's 200 million households have access to affordable an