Singapore-based consumer IoT startup KaHa has raised $4.5 Mn (INR 29 Cr) in a funding round led by Metals International, with the participation of Jungle Ventures, SPRING SEEDS Capital and existing investor YourNest.
The raised capital will be used to drive expansion plans and invest in human resource, product development, infrastructure and R&D. Additionally, KaHa will also focus on further growing its leadership position by opening an innovation centre in Geneva.
Commenting on the fundraise, Sunil K Goyal, founder and CEO of YourNest Venture Capital, said, “KaHa is a game-changing IoT platform with inbuilt elements for rapid expansion and unique services offered to consumers guided by strong analytics architecture framework. The company partnerships with Metal & Titan shall provide KaHa with an advantage to create disruption in the IoT domain and capture the consumer imagination.”
The startup has also announced a partnership with Titan, as part of which its IoT platforms, COVE and COVEnet, will be integrated into the smartwatches developed by Titan.
Apart from that, KaHa has also joined hands with MHA Geneva, a Swiss luxury accessories manufacturer to enter European market for further business expansion.
Speaking about the company’s future plans, Pawan Gandhi, Founder & CEO, KaHa said, “KaHa is ready to meet the growing needs of this wearables global market. Consumers across Asia, Europe and North America are some of the most tech-savvy in the world, and our R&D is focused on anticipating their needs and wants in this fast-developing field. What sets us apart as a brand is our obsession with redefining the consumer experience, solving everyday problems and creating delightful social journeys.”