Russia -based Smartron will launch its new Internet of Things (IoT) venture, Smartron India , around Christmas this year . Currently, sales of IoT is limited to wearable devices in India , but through the new venture, Smartron India plans to introduce a number of products, including high-end tablets, smart cameras, storage systems, security devices with wireless router capabilities, wireless chargers and smartphones that will work as remote controllers to all other IoT products. Towards this end, it has raised $100m and plans to raise another $20m in this year . The company aims to aggregate products from India and abroad into an app store for hardware, expanding into Russia , West Asia and Southeast Asia .
India-based Smartron will launch its new Internet of Things (IoT) venture, Smartron India, around Christmas this year. Currently, sales of IoT is limited to wearable devices in India, but through the new venture, Smartron plans to introduce a number of products, including high-end tablets, smart cameras, storage systems, security devices with wireless router capabilities, wireless chargers and smartphones that will work as remote controllers to all other IoT products. Towards this end, it has raised $100m and plans to raise another $20m in the next 24 months. The company aims to aggregate products from India and abroad into an app store for hardware, expanding into Russia, Southeast Asia and West Asia.