Indkal Technologies is a consumer electronic startup based in Bengaluru that has raised $36 million in  its Series A funding round. The valuation of this funding round is not yet disclosed but the round is  most likely to have participation from its existing investors. This Series A funding round was led by the  Aries Opportunities Fund. The startup plans to use this fund to advance its technology and product  development. 

The CEO of Indkal Technologies, Anand Dubey told PTI that they are planning to use this fund to  develop product infrastructures like television, refrigerators, and televisions, and to expand its  network. He highlighted that the investment was primarily raised because the startup is aiming to  create products that are more suitable and localized for Indian consumers to meet the consumer  electronics demand. The valuation of Indkal Technologies was previously predicted to be around Rs  800 crore and it is expected to grow more after this year as the company is working continuously on  its service infrastructure and network. 

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The company is planning to improve its infrastructure, increase its research and development team,  and enhance its product. The firm also mentioned the plan to increase its service and distribution to  reach more customers and offer its products globally. Dubey showed satisfaction with the current  growth trajectory and said they will continue with the same strategy while trying to boost it more. The  company is expecting to reach Rs 8,000 crore in the next two to three years for growth.  

Indkal Technologies has a brand Wobble, that provides audio and wearable products. The company  aims to become a leader in the product management and development market. The startup will use  these fresh proceeds in this area while expanding its network, enhancing its technologies, and  increasing its R&D teams. The company offers affordable and efficient smart wearable space. 

Conclusion: 

A consumer electronic startup, Indkal Technologies raised $36 million in its series A funding round. The  round saw the participation of many investors and was led by the Aries Opportunity Fund. The firm  will use this funding to scale up and expand in the global market. In addition, the company will also  work on creating new products while expanding the team. The startup plans to use this fund to  advance its technology and product development. The startup is planning to use this fund to develop  product infrastructures like televisions, refrigerators, and televisions. The investment was primarily raised to create products that are more suitable and localized for Indian consumers to meet the consumer electronics demand. The firm also mentioned the plan to increase its service and distribution to reach more customers globally. The valuation of the company for this funding round is not yet disclosed but the round is most likely to have participation from its existing investors.  Previously, the Series A funding round was led by Aries Opportunities Fund. This Bengaluru-based  startup is planning to improve its R&D infrastructure, scale up its team, and enhance its product.