Gurugram-based early-stage investment firm Auxano Capital has announced a successful secondary exit from its portfolio company Wiom, delivering a nearly 7x return on investment. The exit marks a major milestone for Auxano, which now counts two full and two partial exits across its investment vehicles.
This particular exit was executed through Auxano’s pre-fund Special Purpose Vehicle (SPV), created prior to the launch of its first formal fund in 2019. The firm had first invested in Wiom in 2017, followed by a subsequent round in 2021.
Founded in 2016, Auxano Capital focuses on high-potential startups across key sectors such as fintech, healthtech, sustainability, Industry 4.0, and the consumer internet.
Wiom, a technology-led, asset-light broadband platform, is India’s largest licensed Public Data Office Aggregator (PDOA) under the PM-WANI (Prime Minister Wi-Fi Access Network Interface) scheme. The startup partners with local internet service providers to deliver affordable broadband access to underserved and economically unviable regions across the country.
“Touching the lives of 500 million people & being committed to the vision & mission is important. Being one of our earliest investments, we are grateful to our LP’s, who had patience in this journey & the resilience & adaptability powers of the founding team. Phoenix—it is. Identifying emerging megatrends/disruption & investing in category creators transforming to market leaders—Wiom it is,” said Brijesh Damodaran, Co-founder and Partner at Auxano.
Throughout the investment lifecycle, Auxano took an active role in supporting Wiom, both strategically and operationally, engaging closely with the founding team through various pivots.
“Working with Auxano has been one of the best decisions for Wiom. They truly embody a ‘Founder First’ philosophy, standing steadfast through highs and lows without a hint of doubt. In tricky moments, they never imposed but always asked, ‘What would you like to do?’—and then backed me without hesitation. Their unwavering conviction and genuinely good nature make them more than just investors—they’re true partners. If you’re an early-stage founder, trust me: take their money blindly. You won’t regret it,” said Satyam Darmora, Co-founder of Wiom.
With this latest exit, Auxano continues to reinforce its investment thesis: identifying emerging megatrends early and backing category creators as they scale into market leaders.
