July 12, 2024: Bengaluru based startup Circuit House Technologies, a new age consumer tech company, has successfully secured $4.3 million in a seed round to push forward its R&D efforts on hardware and software, and roll out India’s next-generation consumer electronics brand and acquire new talents in the next 3-4 months.
The startup was co-founded by Raghu Reddy (former CBO of Xiaomi India) and Kailash Sankaranarayanan (former senior director of Flipkart. The company aims to develop and offer state-of-the-art tech products customised to modern Indian consumers.
Raghu Reddy, Co-founder, Circuit House Technologies says “Our goal is to build the next-generation Indian consumer tech company, offering cutting-edge home entertainment products that spark excitement and joy. We are honoured by the support of our esteemed investors, whose backing validates our vision of transforming the consumer tech space and reflects their belief in our team.”
Circuit House Technologies Leaps to develop new-age consumer electronics brand
“We see tremendous potential in Circuit House Technologies’ approach to the consumer tech market. Raghu and Kailash bring unparalleled expertise and vision to the table, and their innovative strategies and leadership inspire great confidence,” said Rahul Chowdhri, Partner, Stellaris Venture Partners.
“In light of today’s customers’ aspirations, we recognise a substantial opportunity for the Circuit House team to build superior products that redefine quality … We are excited about establishing a prominent Indian consumer electronics brand that rivals the best in the world,” said Akshay Sharma, Vice President, Investments, 3one4 Capital.
The latest round of funding was led by Stellaris Venture Partners and 3one4 Capital. The round also saw participation from prominent angel investors including Varun Alagh (Co-founder, Mamaearth), Abhishek Goyal (Co-founder, Tracxn), and other strategic investors.
