Singapore-based KaHa raises $4.5 M from YourNest, others
KaHa, a Singapore-based consumer Internet of Things (IoT) company, on Tuesday, raised $4.5 million from YourNest and other strategic investors. The funds will help drive the IoT company’s expansion plans. It also announced a partnership with Titan Industries.
KaHa provides an IoT platform, and solutions for smart wearables and watches. Recently, Titan Industries launched its first offering on the KaHa platform, 'Titan WE' smartwatches for women.
It offers fully-customisable, end-to-end smart, wearable, IoT solutions that can be plugged into any stage of the value chain. KaHa's products include electronics design, PCBA, an application framework for iOS and Android, cloud services, data analytics, and smart after sales service tools - allowing companies to incorporate latest technologies without breaking the bank.
Commenting on the development, Pawan Gandhi, Founder and CEO, KaHa said, “KaHa is a technology company which provides end-to-end solutions to its brand partners to achieve world-class smart products. Our IP in both software and hardware come with a state-of-the-art social platform.”
He added, “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.”
KaHa has partnered with MHA Geneva, a Swiss luxury accessories manufacturer with a history of more than 110 years, to enter the European market for further business expansion. It is also focussing on further growing its leadership position by opening an innovation centre in Geneva.
The company's IoT platforms, COVE and COVEnet power the Titan smart range, with both companies working jointly towards a vision of making seamless technology integrate with world-class design. Its immediate mission is to bring freedom and security to urban women by utilising KaHa's safety, wellness, and health functions.
Founded in 2015, KaHa has offices in Singapore, Bengaluru, Shenzhen, and Switzerland. Since its launch, the company has shown its global expertise in launching consumer service products.
Sunil K Goyal, Founder & CEO, YourNest Venture Capital, the initial lead investor for KaHa 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 and Titan shall provide KaHa with an advantage to create disruption in the IoT domain and capture the consumer imagination.”
The funding was led by Metals International with the participation of Jungle Ventures, SPRING SEEDS Capital, Singapore, and existing investor, YourNest.