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.
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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.”
The startup provides fully-customisable, end-to-end smart IoT wearables that can be plugged in any stage of the value chain. Their products and services include electronics design; Printed Circuit Board Assemblies (PCBA), which is an application framework for iOS and Android; cloud services; data analytics and smart after-sales service tools.
KaHa’s solutions are aimed at allowing companies to incorporate the latest technology without spending much money.
KaHa: A Look At The IoT Platform And Its Offerings
Founded in 2015 by Pawan Gandhi, Justin Tang and Sudheendra Shantaram, the startup is headquartered in Singapore, along with offices in Bengaluru, Geneva and Shenzhen. KaHa’s key offerings include COVE and COVEnet, which are IoT platforms that offer flexible solutions to enterprises so as to provide customised wearable technology to their consumers.
They support a range of patented vertical consumer experience that includes standard clinical health, wellness, sports and fitness, safety, smart payment, sensor-based gaming and smart fashion.
KaHa also designed an analog smartwatch that seamlessly incorporates digital tech features like cloud services, analytics and after-sales service tools in a single analog watch.
Other products by KaHa include smart bracelets, smart bands, full touch smart watches, smartwatch buckles, smart belts and smart wallets.
The company is also introducing women safety features, children and senior citizen based features into its smart watch in order to increase its consumer base. With the newly raised financing from Metals International, YourNest and others, KaHa can establish itself as a global player in the IoT industry.