Smartron Soonicorn Shut down
IoT products and smart devices company that pivoted from smartphone OEM to AI-enabled IoT devices and electric vehicles, built around its proprietary tronX platform.
Smartron: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 7 Mar 2017 | Undisclosed | Undisclosed | Sanjay Jha | source |
| 21 Mar 2016 | Seed | Undisclosed | Sachin Tendulkar | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 20 Dec 2017 | Smartron | MiQasa Inc. | $1 Mn cash for 60% stake (₹6.4 Cr) | source |
Recent Signals
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23 Nov 2024 · regulatory
Smartron India's corporate insolvency resolution process (CIRP) admitted over unpaid ZTE Corporation dues; company later dissolved source -
25 Jan 2022 · financial
Smartron signs agreement for up to $200 Mn share subscription facility from GEM Group source -
17 Feb 2017 · ma-strategic
Smartron invests in Chennai-based EV startup Volta Motors (undisclosed amount) source
News on Smartron
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Who founded Smartron?
Smartron was founded by Mahesh Lingareddy, Narsi Reddy Posham, Rohit Rathi in 2014.
What does Smartron do?
IoT products and smart devices company that pivoted from smartphone OEM to AI-enabled IoT devices and electric vehicles, built around its proprietary tronX platform.
Where is Smartron headquartered?
Smartron is headquartered in Hyderabad, Telangana, India.
What is Smartron's business model?
Smartron's core value proposition centers on Designed & Engineered In India, tronX AIoT platform, also offered as a B2B service.
How does Smartron make money?
Smartron's cited revenue streams include Hardware product sales, tronX platform as a B2B service.