Next Generation Indian Technology Startup Muse Wearables has raised funds to the tune of US$ 3 Million (Rs. 22 crore Approx) which will enable it to launch a new wearable tracker by August 2020, which has the potential to detect Covid-19 a few days before the symptoms appear.
This round of funding has come from their existing investors and new investors led by Dr. Bhaskar Rao Bollineni, Managing Director of Kims hospitals. Previously, Muse Wearables had raised Rs. 6.85 crore from Keiretsu Forum, Lead Angels and other HNIs including noted Film Director Mr. S.S. Rajamouli (of ‘Baahubali’ fame) between 2017-19.
With the new funding round, Muse wearables will also increase their production cycles and scaling sales, targeting 200,000 product sales this year with plans to achieve 10,00,000 product sales by 2022 across the world. An introductory video about Muse Wearables can be found by clicking here – https://fromsmash.com/Muse-Wearables
Muse Wearables sells the world’s first payment-enabled hybrid smartwatches across 70 countries with its wearable payments service live in 29 countries. A shining example of the ‘Make In India’ campaign, all products of the startup are completely conceived, designed, and assembled in India and sold abroad. It is a global brand made in India.
Muse Wearables was incubated by IIT Madras Incubation Cell. Muse Wearables is based out of Bengaluru with registered offices in Chennai, Singapore and London.