Investment firm Auxano successfully departs from Wiom, reaping substantial gains from its initial-stage ventures.
Delhi-based internet service provider Wiom has seen a significant development in its ownership structure, with Auxano Capital fully exiting its investment following a successful funding round worth Rs 345 crore (approximately $40 million).
The funding round, led by Bertelsmann India Investments and Accel, marked a significant milestone for Wiom, which has been undergoing strategic and operational shifts. The investment, made in 2021, was a follow-on round from Auxano Capital's initial investment in 2017, and it played a crucial role in helping Wiom further develop its internet infrastructure and expand its services.
The exact nature of the exit deal between Auxano Capital and Wiom remains undisclosed. However, it is clear that the exit occurred after the funding round. It is also worth noting that no further details about subsequent investments in Wiom were provided.
The funding round secured by Wiom has not revealed any new investment partners or amounts. The initial investment was made through a pre-fund special purpose vehicle (SPV) in an unspecified year, with Auxano Capital making a subsequent investment in 2021.
Wiom, as a Delhi-based internet service provider, has not disclosed its current ownership structure. The company has not provided any information about its future plans or strategies following the exit of Auxano Capital.
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The successful funding round of Rs 345 crore allowed Wiom to further strengthen its business, particularly in the areas of finance and expanding its business through investing in its internet infrastructure. Post the funding round, Auxano Capital exited its investment in Wiom, leaving its current ownership structure undisclosed.
