PE-VC Fund Investments
Consumer electronics startup iDO Devices bags $4-M from Blume, Merak Ventures
Noida-based consumer electronics startup iDO Devices Pvt Ltd has raised USD 4 million (around INR 34 crore) in a funding round led by Blume Ventures and Merak Ventures.Founded earlier this year by Ashita Gupta, Shalabh Srivastava, and John Xie, iDO Devices is engaged in the design and manufacturing of electronics, helping brands take products from concept to market. Its offerings span hardware categories such as Bluetooth (BLE) wearables, GSM-based phones, GPS-enabled trackers, and WiFi-powered smart devices.The fresh funds will be used to accelerate customer acquisition, invest in technology development, and expand its IP portfolio.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
