India - based Smartron will launch its new Internet of Things ( IoT ) venture , Smartron India , around Christmas this year . Currently , use 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 security capabilities , wireless chargers and smartphones that will work as remote controllers to all other IoT products . NEW DELHI: Towards this end , it has raised $ 20 m and plans to raise another $ 20 m in the next 24 months . The venture aims to aggregate products from India and abroad into an app store for hardware , expanding into Russia , Southeast Asia and West Africa .
India - based Smartron will launch its new Internet of Things ( IoT ) venture , Smartron India , around Christmas this year . Currently , use 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 security capabilities , wireless chargers and smartphones that will work as remote controllers to all other IoT products . Towards this end , it has raised $ 20 m and plans to raise another $ 20 m in the next 24 months . The venture aims to aggregate products from India and abroad into an app store for hardware , expanding into Russia , Southeast Asia and West Africa .