Tendulkar-backed Smartron buys 60% stake in startup MiQasa
Hyderabad-based device maker Smartron, which is backed by Sachin Tendulkar, has acquired 60% stake for $1 million in home automation startup MiQasa. Another $1 million will be invested to help MiQasa with logistics, brand promotion, sales and distribution, Smartron Founder and Chairman Mahesh Lingareddy said. Founded in 2015, MiQasa makes smart switch boards using touch, remote or Qasa mobile app.