Fundraising Fox

Bikayi

San Francisco, US · Founded 2020 · Delaware corporation · 5 known investors

Bikayi Inc. is the holding company for two products, bik.ai and Manifest AI, which automate customer-facing processes from marketing to support for retail and eCommerce businesses. The company aims to consolidate the customer journey through AI-driven tools.

Also known as bik.ai · Bikayi Inc. · Comida Technologies Private Limited

Founders & leadership

Bikayi was founded in 2020 by Singla Ashutosh, Sonakshi Nathani, and Ashutosh Singla.

SA
Singla AshutoshCo-founder
SN
Sonakshi NathaniinFounder
AS
Ashutosh SinglaFounder

Investors · 5

Also in the syndicate · 1

Sequoia Capital Indialead

Reported raises · per SEC filings

Form D private placements

$12.9M disclosed across 1 of 3 rounds · 2020–2021

$12.9MraisedAug 2021 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Singla AshutoshDirector
  • Sonakshi NathaniExecutive Officer, Director
Offering amount
$12.9M
Amount sold
$12.9M
First sale
Aug 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Bikayi Inc. is the holding company for two software products aimed at retail and eCommerce brands: bik.ai, which consolidates and automates the customer journey through conversational channels, and Manifest AI, an AI shopping assistant that sits on eCommerce storefronts. The founders describe the combined goal as consolidating and automating customer-facing processes across the full journey, from marketing through support. The bik.ai name derives from the earlier Bikayi brand ("bik.ai" read without the dot), and Manifest AI was named some months after bik.ai launched.

The company's earlier incarnation was a mobile-commerce enabler for Indian small and medium-sized businesses. That platform gave SMBs a digital storefront plus tools including catalogue listing, shipping, payments, a dedicated business coach and customer-behaviour insights, all managed from a single dashboard. Inc42 records the corporate entity as Comida Technologies Private Limited and classifies the company within enterprise tech.

Founding story

Press coverage of the Series A states Bikayi was founded in 2019 by IIIT alumni Sonakshi Nathani (co-founder and CEO) and Ashutosh Singla (co-founder and CTO), with the stated aim of enabling small businesses to compete in the emerging online market through affordable tools. Inc42 lists a founding year of 2021. The founders' own account dates the current product idea to 2022.

Business model

Bikayi operates software products sold to retail and eCommerce brands: bik.ai for conversational automation of the customer journey and Manifest AI for storefront shopping assistance. In its earlier SMB-commerce form, the platform offered merchants online storefronts together with catalogue, payments, shipping and analytics tooling, positioned as affordable tools for small businesses.

Inc42 reports revenue of more than INR 18.4 crore for FY25, up about 25% over the prior fiscal year. Earlier coverage described the company as providing affordable tools to small businesses operating e-stores on its platform.

Traction

At the time of the September 2021 Series A, the company reported more than 4 million registered users, a merchant base that had grown fivefold over the preceding eight months and annual GMV growth of 1,800%; the CEO cited merchants who had transacted more than $1 million through Bikayi e-stores within a year. Inc42 lists FY25 revenue above INR 18.4 crore and a Glassdoor rating of 3.9 from 126 reviews.

Latest developments

The company now presents itself as Bikayi Inc., holding company for bik.ai and Manifest AI, with the stated aim of consolidating and automating customer-facing processes from marketing to support. Inc42 reports FY25 revenue above INR 18.4 crore, growth of roughly 25% over the prior fiscal year, and no funding rounds since September 2021.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Coverage of the 2021 Series A positioned Bikayi in India's SMB digitisation, or "kirana-tech," segment, competing with Amazon and Flipkart as well as startups including Dukaan and OkCredit's OKShop. Investor commentary at the time framed the opportunity around India's more than 75 million SMBs, which are said to account for over 30% of GDP and employ over 130 million people.

The founders describe the pairing of bik.ai and Manifest AI as covering the whole customer-facing journey in one company: conversational automation of marketing through support on one side and an on-storefront AI shopping assistant on the other. In its earlier SMB phase, investors described the platform as integrating the entire infrastructure of commerce, including storefront, catalogue, payments, shipping and analytics, onto a single platform.

Technology

The products are built around AI and conversational interfaces: bik.ai automates customer-facing interactions across the purchase journey via conversations, while Manifest AI provides an AI shopping assistant embedded in eCommerce storefronts. The earlier platform combined catalogue management, payments, shipping and customer-behaviour analytics in one merchant dashboard.

Go-to-market

The company sells its products directly to retail and eCommerce brands and previously acquired large numbers of Indian SMB merchants onto its storefront platform, stating that Series A proceeds would fund product development, acquisitions and hiring.

Retail and eCommerce brands for the current bik.ai and Manifest AI products; previously small and medium-sized businesses in India seeking a digital storefront and online selling tools.

Geography

The merchant platform served small businesses selling across India; Inc42 tracks the company through the Indian entity Comida Technologies Private Limited. The seed round was led by San Francisco-based accelerator Y Combinator.

History

The company began as a mobile-commerce enabler helping Indian SMBs create digital storefronts, raising $2 million in a Y Combinator-led seed round in August 2020 and $10.8 million in a Series A led by Sequoia Capital India announced on 3 September 2021. Inc42 notes that after initially focusing on helping small businesses establish an online presence, the company evolved to offer more advanced features and customisation. It subsequently reorganised as Bikayi Inc., the holding company for bik.ai and Manifest AI, with the founders dating the current direction to an idea formed in 2022.

Risks & controversies

Sources report conflicting founding years for the company (2019 in press coverage, 2021 in the Inc42 profile, and a 2022 idea date from the founders). Inc42 also shows a sharp decline in the profile's tracked 30-day web traffic and no new funding since 2021, while press coverage notes competition from much larger players including Amazon and Flipkart.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual GMV growthSep 20211,800%
Glassdoor ratingJan 20263.9 out of 5 (126 reviews)
Merchant base growth over preceding eight monthsSep 20215x
Registered users on platformSep 20214,000,000 users
Total disclosed fundingSep 2021$12.8M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 2

launches, deals, and filings
Sep 2021
Bikayi raises $10.8M Series A led by Sequoia Capital India

Bikayi raised a $10.8 million Series A round led by Sequoia Capital India (later Peak XV Partners), with proceeds earmarked for product development, acquisitions and hiring.

$10.8M source ↗

Aug 2020
Bikayi raises $2M seed round led by Y Combinator

The company secured $2 million in August 2020 as part of a seed round led by the San Francisco-based accelerator Y Combinator.

$2M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
BikayiDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bikayi do?
Bikayi Inc. builds AI commerce software, operating bik.ai for conversational customer journeys and Manifest AI shopping assistants.
Who founded Bikayi?
Bikayi was founded by Singla Ashutosh, Sonakshi Nathani, Ashutosh Singla in 2020.
Who are Bikayi's investors?
Bikayi's investors include Mantis Capital, VentureSouq, Vibe Capital, Y Combinator.
How much funding has Bikayi raised?
Bikayi has disclosed $12.9M raised across 1 of its 3 known rounds.
Where is Bikayi headquartered?
Bikayi is headquartered in San Francisco, US.