Bikayi has raised $2 million from a clutch of international investors

YCombinator-backed startup Bikayi has raised a seed round of $2 million from a clutch of international investors including Mantis ventures, a VC fund promoted by the musical band Chainsmokers.

The Hyderabad-based startup helps small merchants create online storefronts and accept orders online. The merchants using the platform are already doing business worth Rs 2 crore. The platform is being used by wholesalers, retailers, grocers and others from across India, especially in tier 3 and 4 cities.

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“They (the investors) are a part of upscaling Bikayi, with these funds we will hire more talent to accelerate product development, ramp up the platform and onboard a million new merchants,” said Sonakshi Nathani, cofounder, Bikayi.

Bikayi allows small businesses to quickly create their online stores and give them the right tools to manage e-commerce on Whatsapp. The app is currently available on Google Play Store.