KaHa is among the few firms to have an end-to-end IoT platform for smart wearables such as electronics design, PCB assembly, data analytics, etc
KaHa, an end-to-end IoT platform start-up for smart wearables, announced that it has secured US$ 6.2 million in a Series B round of funding, led by ICT Fund- a specialised deep-tech venture capital fund and an existing investor from Europe. The start-up will utilise to accelerate its growth in Asia.
The investments raised in Series B round will allow the company to boost its research and development (R&D) and expand its operations in the Asia Pacific (APAC) region, KaHa said in a statement.
APAC is the fastest growing smart wearables market in the world, surpassing the Europe, Americas and Africa.
To increase presence
Commenting on the development, Pawan Gandhi, Founder, and CEO, KaHa, said, “As a company with a mission to create a better and safer environment, it is important to us to bring innovative and relevant technologies into a consumer’s everyday life. Apart from helping us expand our product line, this new round of funding will allow KaHa to discover more breakthrough products that can support the health and wellness, sports and fitness, safety and digital payments needs, as well as increase the COVE platform’s availability internationally and improve our accessibility and affordability.”
“With the continued support of our existing strategic investor and new partner ICT Fund, we are strategically positioned to make our mission possible,” he added.
Brijesh Pande, Managing Partner, ICT Fund, said, “We are delighted to partner with KaHa, which is well placed to capitalise on the fast-growing market opportunity in smart wearables. Consumer product brands will increasingly need to offer ‘smart’ products to maintain leadership and KaHa, with its innovative end-to-end platform, is a perfect partner for global brands.”
Incorporated in 2015, KaHa is among the few firms to have an end-to-end IoT platform for smart wearables such as electronics design, application framework for Android and iOS, printed circuit board (PCB) assembly, data analytics, cloud services and smart after-sales service tool.