Tiger Global-backed startup Cube26 shuts down IoT business
New Delhi-based mobile technology startup Cube26 Software has shut down its Internet of Things (IoT) business leading to several job cuts. Cube26 had received $7.7 million (â¹50 crore then) in seed funding from Tiger Global and Flipkart in October 2015. Founded in 2012, Cube26 launched its first IoT product, a Bluetooth-controlled colour changing smart bulb, in November 2015. 