Singapore KaHa Raised US$4.5 million

Nov 21, 2017 - SG -

With the global wearables market expected to grow 17% this year with US$30.6bn in revenues, companies across Asia, Europe and North America are seeking new ways to incorporate IoT (Internet of Things) and digital technologies into their product offerings to meet the needs and desires of their customers. It is against these fast-growing opportunities that Singapore-based KaHa is gearing up for its Asian, European and North American expansion.

KaHa is one of the few companies globally that provide customisable end-to-end smart wearables IoT solutions. This includes electronics design, printed circuit board assembly, application framework for iOS and Android, cloud services, data analytics and smart after-sales service tools - allowing companies to incorporate the latest technology without prohibitive financial costs and speed up their go-to-market time.

KaHa’s key offerings include:
  • Powered by COVE: IoT platforms that provide flexible solutions for launching smart networked devices and a one-stop solution for brands to bring exciting smart wearables to their customers. They support a range of consumer verticals from health, wellness, sports and fitness, safety, smart payment, sensor-based gaming, smart fashion, home automation to smart automobile and are currently deployed in over 100,000 devices across Asia. KaHa owns a variety of patents across these verticals.
  • Next-Gen OEM solution for smart analogue watch: from incorporating smart tech into analogue watches to delivering finished white label products. Powered by KaHa’s IoT platforms, COVE and COVENET, KaHa offers an end-to-end solution for smart analogue watch tech, incorporating everything from design, hardware and firmware, iOS/Android application, to cloud services, analytics and after-sales service tools. Recently launched at the 36th HKTDC Hong Kong Watch and Clock Fair with first delivery to international brands expected in Q1 2018.
  • Other products include Smart Bracelets, Smart Bands, Full Touch Smart Watches, Smart Watch Buckles, Smart Belts and Smart Wallets.
KaHa plans to expand its presence in Asia, Europe and US, says its founder and CEO, Mr Pawan Gandhi. “KaHa is a technology company with end-to-end IoT solutions for smart wearables. As an enterprise, we are unique in that we provide complete end-to-end solutions to our brand partners to achieve world-class smart products. Our IP in both software and hardware come with a state-of-the-art social platform. Our sophisticated algorithm allows for a secure and fast cloud-based service offering to the end user.”

 He adds that KaHa’s solutions are based on its own research and development, which is firmly focused on the end consumer. “Consumers across Asia, Europe and North America are some of the most tech-savvy in the world, and our R&D is focused on anticipating their needs and wants in this fast-developing field. What sets us apart as a brand is our obsession with redefining the consumer experience, solving everyday problems and creating delightful social journeys.”

The company currently has offices in Singapore, India, China and Switzerland.

One of KaHa’s investors is SPRING SEEDS Capital (SSC), an investment arm of the Singapore government’s enterprise-development agency, SPRING Singapore. SSC has invested in KaHa alongside venture capital funds Jungle Ventures, Metals International and YourNest. Mr Ted Tan, Deputy Chief Executive of SPRING Singapore and Chairman of SPRING SEEDS Capital, said: “We want to accelerate the development of IoT as part of our Smart Nation initiative. This technology foray into wearables is aligned with SPRING’s focus on nurturing IoT hardware developers. KaHa presents a new value proposition to the market by enabling conventional watch and accessories companies to develop smart wearables.”