IoT startup KaHa raises $4.5 mn

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Early-stage venture capitalist YourNest on Tuesday announced that it had successfully participated in a round of fundraising for KaHa, a Singapore-based consumer IoT (Internet of Things) company.

The funding was led by Metals International with the participation of Jungle Ventures, Spring Seeds Capital, Singapore, and existing investor YourNest.

A total of $4.5 million is invested in KaHa. The new investments will help drive the IoT company's expansion plans. The part of funds will also be invested in the resource, product development, infrastructure and research and development. Founded in 2015, it has offices in Singapore, Bengaluru, Shenzhen and Switzerland.

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 the woman.

KaHa 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 to enter European market for further business expansion. Its IoT platforms, COVE and COVEnet are powering Titan smart range with both companies working jointly towards a vision of making seamless technology integration with world-class design. Its aims are to bring freedom and security to urban women, by utilising KaHa's unique safety, wellness and health functions.

Commenting on the development, Pawan Gandhi, Founder and chief executive officer (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. 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".

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." Sunil K Goyal, Founder & CEO, YourNest Venture Capital which was the initial lead investor for KaHa in the Pre-Series A investment round said.