YCombinator leads funding in Bikry App and 16 more India deal updates

YCombinator leads funding in Bikry App and 16 more India deal updates

Bikry App (by Bizrise Technologies), a direct-to-consumer platform that helps businesses launch online stores, has secured $1.3 million in a funding round led by YCombinator, the Silicon Valley-based startup accelerator, per an announcement.

The round also saw the participation of the founders of Twitch.TV, RazorPay, Angelist, Cabra VC, and Sumon Sadhu.

“Getting every business online, especially during this time of the pandemic, is one of the critical steps we can take together not just to stay competitive but also to foster strong engagement and communication with your large customer base. We are glad to be able to bring direct-to-customer internet channels to neighbourhood shops and services that are not just seeking to emerge from this pandemic crisis but now see us as a long-term credible partner to drive strong business growth. We aim to save small businesses from the clutches of online aggregators and their high commissions,” Abhishek Bhayana, founder of Bikry app, said.

Founded in 2019 by Himanshu Garg and Abhishek Bhayana, Bikry App aims to support entrepreneurs and small business owners who want to create an internet business by starting them off with a free website.

Available on the Google Playstore, the Bikry app provides businesses with an online catalogue in the form of a website integrated with all payment options and local and national shipping in 30 seconds with zero investment.

Bikry app claims to have boarded 50,000+ businesses across India. It aims to serve 1 million-plus businesses by the end of 2021.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from July 8-12, 2021.