ⓘ 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.
Muse Wearables last raised INR 6.85 crore (around $0.9 million) from Keiretsu Forum, Lead Angels and other HNIs in January 2017.
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.