iDO Devices Secures $4 Million to Revolutionize Tech Product Ecosystem

iDO Devices, a tech product design manufacturer, raised USD 4 million through Blume Ventures and Merak Ventures. This funding supports their goal to create an integrated design ecosystem and innovation center in India, targeting global markets in consumer electronics and enterprise tech. Expansion plans include adding GPS and GSM technologies.

iDO Devices, the tech product design manufacturer, announced the acquisition of USD 4 million in funding, spearheaded by Blume Ventures and Merak Ventures. This financial boost aims to enhance iDO's mission to create a robust, integrated design and product delivery ecosystem in India.

The funds will support the company's strategy to target global consumer electronics and enterprise technology markets across the US, Europe, and India. Future projects from iDO Devices will include advancements in GPS and GSM technologies to complement their existing BLE and Wi-Fi capabilities.

Industry experts highlight India's unique position as a hub of engineering talent capable of driving innovations in product design and delivery. The expanding market is projected to reach a global size of USD 15 billion by 2025, with India expected to secure a substantial share.

(With inputs from agencies.)