ⓘ Featured image: Muse Wearables co-founders – (L-R) K Prathyusha, KLN Sai Prasanth, and KA Yathindra Ajay
Bengaluru-based Muse Wearables, an IIT Madras-incubated startup has recently raised $3 million from its existing investors and new investors including Bhaskar Rao, Managing Director of Kims Hospitals.
The company will utilise the fresh funds to launch a new wearable tracker in this month. The company claims that the new device will be able to detect COVID-19 a few days prior to the symptoms appear. The company will also deploy fresh funds to increase its production cycles and scale sales – reaching 200,000 product sales this year.
JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!
Muse Wearables last raised INR 6.85 crore (around $0.9 million) from Keiretsu Forum, Lead Angels and other HNIs in January 2017.
ⓘ Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know
Founded by KLN Sai Prasanth, KA Yathindra Ajay, and K Prathyusha in 2015, Muse Wearables manufactures wearable hybrid devices and smartwatches. The company claims to cater around 70 countries through ‘Direct to Consumer’ business model – aiming to become a leading innovative technology company in India and a global consumer brand. The company also has its wearable payments service live across 29 countries.
ⓘ As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.
