Exclusive: Telecom Startup WIOM Raises $35 Mn In Round Led By Accel, Prosus

Wiom, a telecom startup focused on providing affordable internet services, has raised $35 million in a new funding round. The round was co-led by the prominent venture capital firms, Accel and Prosus. Wiom is building a network of public Wi-Fi hotspots, aiming to provide low-cost and high-speed internet connectivity to a large number of users in urban and semi-urban areas. The fresh capital will be used by the company to expand its network, invest in technology, and scale up its operations. The backing from top-tier investors like Accel and Prosus is a strong validation of Wiom's business model and its mission to democratize internet access. The funding will be crucial for the company to compete in the telecom space and to achieve its goal of becoming a major player in the public Wi-Fi market.