KaHa Raises USD 4.5 Million To Fuel Expansion Drive
KaHa is one of few companies globally that provides fully-customisable, end-to-end smart wearables IoT solutions that can be plugged into any stage of the value chain
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YourNest announced that it has successfully participated in a round of fundraising for KaHa, a Singapore-based consumer IoT company. Along with other strategic investors, a total of USD4.5 million is invested in KaHa, which will help drive the IoT company’s expansion plans. The company also announced a partnership with Titan. KaHa provides IoT platform and solutions for smart wearables and watches. Recently Titan launched its first offering on KaHa platform, the "Titan WE" smartwatches for woman.
KaHa is one of few companies globally that provides fully-customisable, end-to-end smart wearables IoT solutions that can be plugged into any stage of the value chain. Their 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 the latest technology without breaking the bank.
KaHa has also partnered with MHA Geneva, a Swiss luxury accessories manufacturer with more than 110 years history, to enter European market for further business expansion. KaHa is focussing on further growing its leadership position by opening an innovation centre in Geneva, which will be one of the biggest innovation centres for watches.
KaHa’s IoT platforms, COVE and COVEnet is powering Titan smart range with both companies working jointly towards a vision of making seamless technology integration with world-class design. Its immediate mission is to bring freedom and security to urban women, by utilising KaHa's unique safety, wellness and health functions.
KaHa was founded in 2015 and has offices in Singapore, Bengaluru, Shenzhen and Switzerland. Since its launch, the company has shown proven global expertise in launching consumer service products.
Commenting on the development, Pawan Gandhi, Founder & 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.”
Adding on, Mr. Gandhi 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.”
Mr Sunil K Goyal, Founder & CEO, YourNest Venture Capital which was the initial lead investor for KaHa in the Pre-Series A investment round 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.”
Funding was led by Metals International with the participation of Jungle Ventures, SPRING SEEDS Capital, Singapore, and existing investor YourNest.
KaHa’s key offerings include:
- COVE and COVEnet: IoT platforms that provide flexible solutions for launching smart networked devices and a one-stop solution for brands to bring exciting smart wearables to their customers. They support a range of patented vertical consumer experience ranging from standard clinical health, wellness, sports and fitness, safety, smart payment, sensor-based gaming, smart fashion, home automation to smart automobile and is currently deployed in over 100,000 devices across Asia.
- Smart analogue watch: a next-phase OEM solution for incorporating smart tech into analogue watches. Powered by KaHa's IoT platforms, COVE and COVEnet, KaHa offers an end-to-end solution for smart analogue watch tech, integrating everything from design, hardware and firmware, iOS/Android application, to cloud services, analytics and after-sales service tools. Recently launched at the 36th HKTDC Hong Kong Watch and Clock Fair with first delivery to international brands expected in Q1 2018.
- Other products include Smart Bracelets, Smart Bands, Full Touch Smart Watches, SmartWatch Buckles, Smart Belts and Smart Wallets.
KaHa was founded in 2015 and is headquartered in Singapore, with offices in Bangalore, Geneva, Singapore and Shenzhen. KaHa is the parent company for brands such as COVE and COVEnet, unique end-to-end IoT wearable platforms. The company's leadership team is passionate about the consumer journey, and the platforms have been developed to achieve rapid innovation and learning through data analytics to provide innovative use cases and exciting user experiences. The platforms include Electronics Design, PCBA, Application Framework for iOS and Android, Cloud services, Data Analytics and Smart after-sales service tool. This makes the COVE and COVEnet platforms a one-stop solution for large brands to bring exciting smart wearables to their customers.
The platforms enable several services verticals to be incorporated into smart wearables. These include digital payments, safety for women, children and senior citizens, standard clinical health, wellness, fitness and sensor-based gaming. The company also has IPs in Smart Analogue watches, making it one of the unique offerings in the fast-growing wearables market.
YourNest is an early stage venture capital fund established to support brilliant start-ups building great businesses. We work best with tech-enabled B2B or B2B2C companies, and for our Second Fund, are exploring disruptive ideas in Artificial Intelligence and Machine Learning, Application of Block Chain Technologies, IoT, Advanced Robotics to name a few.
Established in 2012, YourNest is one of the pioneering funds in the early stage venture capital space in India, investing in pre-Series A rounds. We firmly believe in the human capability and work with the assertion of "what is impossible today is routine tomorrow'.
YourNest believes in genuinely disruptive ideas and even more in creating strong businesses. With an established network of professionals, innovators, business leaders, coaches and mentors, we offer the best eco-system for any start-up with a proven business model.