Circuit House Technologies raises $4.3M in seed round led by Stellaris Venture Partners, 3one4 Capital
Led by consumer tech veterans, the startup strives to deliver cutting-edge tech products tailored to modern Indian consumers.
Circuit House Technologies, a venture led by consumer tech veterans, has raised $4.3 million in a seed round 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.
The Bengaluru-based startup plans to use the funds to assemble a team across multiple functions, advance its R&D efforts on hardware and software, and launch India’s next-generation consumer electronics brand in the coming months.
Circuit House Technologies was co-founded by Raghu Reddy (former CBO of Xiaomi India) and Kailash Sankaranarayanan (former senior director of Flipkart. It strives to deliver cutting-edge tech products tailored to modern Indian consumers.
"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,” said Raghu Reddy, Co-founder, Circuit House Technologies.
“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.
Edited by Swetha Kannan