Circuit House Technologies, co-founded by ex-Xiaomi and Flipkart executives, secures $4.3 million funding led by Stellaris Venture Partners and 3one4 Capital to launch a next-generation consumer electronics brand in India.
New Delhi, Jul 11 (PTI) Circuit House Technologies has raised USD 4.3 million (around Rs 35.9 crore) in a funding round led by Stellaris Venture Partners and 3one4 Capital, with participation from several prominent angel investors.
The funds will be utilised to assemble a team across multiple functions, advance R&D efforts on hardware and software, and launch India's next-generation consumer electronics brand in the coming months, according to a release.
Circuit House Technologies has been co-founded by Raghu Reddy (ex-Chief Business Officer, Xiaomi India) and Kailash Sankaranarayanan (ex-Senior Director, Flipkart).
"Circuit House Technologies...led by consumer tech industry veterans, has announced USD 4.3 million in seed funding led by Stellaris Venture Partners and 3one4 Capital, with participation from prominent angel investors, including Varun Alagh (Co-founder, Mamaearth), Abhishek Goyal (Co-founder, Tracxn), and a host of strategic investors," it said.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback