Early-stage venture capital firm Auxano Capital has successfully exited its investment in Wiom, a public internet infrastructure startup, with an impressive 7x return through a secondary transaction. The exit was executed via Auxano’s pre-fund Special Purpose Vehicle (SPV), marking the firm’s second full exit to date.
Founded in 2015 as i2e1 and rebranded to Wiom in 2021, the Delhi-based company has rapidly evolved into India’s largest licensed Public Data Office Aggregator (PDOA) under the Government’s PM-WANI initiative. Operating on an innovative asset-light model, Wiom aggregates unused bandwidth from local cable operators and redistributes it using its proprietary router software and centralized backend — significantly reducing the cost of internet access in underserved regions.
Auxano first invested in the company in 2017 and doubled down with a follow-on round in 2021, actively supporting Wiom through key strategic and operational shifts. The exit comes on the heels of Wiom’s $40 million funding round last month, led by Bertelsmann India Investments and Accel, with earlier participation from RTP Global in a $17 million Series A round in 2023.
Auxano Capital continues to focus on backing disruptive early-stage ventures in fintech, healthtech, sustainability, and Industry 4.0, with Wiom’s success adding further validation to its thesis-driven investment approach.
