Auxano Capital Scores 7X Return From WIOM Exit

Auxano Capital has completed exit from its portfolio company WIOM, securing a 7X return on its investment via a secondary share sale.

The secondary sale marks Auxano’s second full exit among four exits till date, including two partial ones. The exit was made through a special purpose vehicle (SPV) created before Auxano’s first official fund launched in 2019.

Pertinent to note that WIOM roped in Auxano in 2022 for its seed funding round of INR 30 Cr.

WIOM, founded in 2021 by Satyam Darmora, Nishit Aggarwal, Maanas Dwivedi and Ashutosh Mishra, enables offline retailers and cafes to provide high-speed internet to their customers at INR 5. Formerly known as i2e1, the startup pivoted after the launch of PM-WANI (Prime Minister’s Wi-Fi Access Network Interface) scheme in 2020, and was rebranded as WIOM in 2021.

The startup raised $35 Mn in June, to accelerate its mission to improve digital connectivity for India’s underserved middle-income households by building an affordable, inclusive internet access platform.

It counts YourNest, 9Unicorns, Omidyar Network India and Auxano.

(The story will be updated soon.)

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