Consumer electronics startup Circuit House Technologies, founded by former Xiaomi India Chief Business Officer Raghu Reddy, has announced raising $4.3 million in a funding round. The round was led by Stellaris Venture Partners and 3one4 Capital, with participation from several angel investors, including Mamaearth co-founder Varun Alagh and Tracxn co-founder Abhishek Goyal.
Rahul Chowdhri, partner at Stellaris Venture Partners, expressed confidence in Circuit House Technologies’ approach to the consumer tech market. He emphasized the expertise and vision of Raghu Reddy and Kailash Sankaranarayanan, stating that their innovative strategies and leadership are expected to drive the company to new heights and achieve remarkable success in the industry.
The company, established in March this year by Reddy and Sankaranarayanan, aims to develop and sell consumer electronic products. Their initial focus will be on the home entertainment category, with products expected to launch early next year. Sankaranarayanan previously served as senior director and revenue head of grocery at Flipkart.
Reddy highlighted the expectations of modern Indian consumers for superior and relevant local experiences. He noted that Circuit House Technologies plans to leverage innovative technology and unique Indian consumer insights to deliver a differentiated proposition. The company’s goal is to build the next-generation Indian consumer tech company, offering cutting-edge home entertainment products.
With this funding, Circuit House Technologies is poised to make significant strides in the consumer electronics market, leveraging local insights and advanced technology to cater to the evolving needs of Indian consumers.
