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- Smartron
Smartron Funding, Investors & Competitors
Smartron has raised $210M across 7 funding rounds, most recently a $200M undisclosed-stage round in January 2022.
Last Smartron funding round
$200M
Undisclosed stage · Jan 2022
Cumulative funding Smartron raised
$210M
across 7 funding rounds
Key investors in Smartron
The Global Emerging Markets Group
Sanjay Jha
TAQNIA
Sachin Tendulkar
Silpa Chaitanya Pakanati
About Smartron
Smartron is an Noida-based technology firm specializing in Internet of Things devices and smart hardware for consumer and enterprise sectors. The company produces products like the tbook, a modular 10-in-1 laptop combining tablet, phablet, and projector functions, alongside smart wearables and sensors integrating artificial intelligence and robotics. Founded in 2014, Smartron targets industrial and infrastructure applications through cloud and big data platforms. Its portfolio extends to enterprise solutions for automation and connectivity, serving markets in India and beyond with hardware emphasizing modularity and multi-functionality.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Product sales
Smartron Funding History
Smartron has raised a total of $210M across 7 funding rounds.
Smartron's first fundraising round was a $2M seed round in February 2015. The most recent completed round was a $200M undisclosed-stage round in January 2022.
Smartron funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2022 | Undisclosed stage | The Global Emerging Markets Group (lead) | $200M | Smartron Group, an India and US-based global technology AIoT and EV OEM brand, signed an agreement on January 24, 2022, with Global Emerging Markets Group (GEM) for a share subscription facility of up to $200 million, drawable at the company's option. This capital commitment, described as a private equity round, aims to support Smartron's future growth and potential public listing plans over the next 3-5 years, focusing on Smart Home, Smart Infra, EV, and Energy verticals powered by its tronX AIoT platform, manufactured by tworks, and supported by tlife services. Smartron offers intelligent, personalized products for home, mobility, and health segments, including smartphones, laptops, wearables, smart home hubs, e-bikes, battery packs, and IoT modules, with tronX also available as a B2B service. GEM, a $3.4 billion alternative investment group operating in Paris, New York, and the Bahamas, manages diverse vehicles focused on emerging markets, having completed over 500 transactions in 70 countries across small-mid cap buyouts, PIPEs, and select ventures. The deal positions Smartron to capitalize on Indo-US opportunities amid global supply chain shifts. |
| Apr 2017 | Angel | Sanjay Jha | $3M | Smartron is a Hyderabad- and Bengaluru-based smartphone maker launched in August 2014 by Mahesh Lingareddy, Narsi Reddy, and Rohit Rathi, aiming to build an India-based global technology OEM riding the IoT wave. The company emerged from stealth in March 2016 with Sachin Tendulkar as a strategic shareholder and brand ambassador. In 2017, it secured undisclosed funding from Sanjay Jha, CEO of GlobalFoundries, bringing total investment since inception to Rs 100 crore (about $15 million), with Jha joining the board. Smartron expected Rs 50 crore in revenue for the 2016-17 financial year and was planning to raise another Rs 200 crore ($30 million) primarily for R&D. It recently invested in Chennai-based automotive startup Volta Motors and had about five more deals in pipeline across health, energy, and agriculture to build products on its platform. |
| Apr 2017 | Seed | - | $200K | - |
| Jul 2016 | Seed | Silpa Chaitanya Pakanati | $2M | - |
| Apr 2016 | Seed | - | $1M | - |
| Mar 2016 | Seed | Sachin Tendulkar | $2M | - |
| Feb 2015 | Seed | TAQNIA | $2M | - |
Who has invested in Smartron?
5 investors have backed Smartron across its funding rounds, including The Global Emerging Markets Group, Sanjay Jha, TAQNIA, Sachin Tendulkar and Silpa Chaitanya Pakanati.
Lead investors include The Global Emerging Markets Group.
Smartron Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | Feb 2015 | ||
| 1 | Participant | Jul 2016 | ||
This data is available for Pro users. Sign up to see all 5 Smartron investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Smartron
Smartron has acquired 1 company to date.
Last acquisition by Smartron was on December 20th 2017. Smartron acquired MiQASA for $17M.
Latest Acquisitions by Smartron
| Description | MiQASA is a provider of virtual smart touch electric switches for homes and lifestyles. The company's state-of-the-art line enables elegant control of lighting and appliances through intuitive interfaces. Operating primarily in Africa, MiQASA enhances residential experiences with reliable, user-friendly smart home technology. |
| HQ Country | |
| HQ City | Hyderabad |
| Deal Date | 20 Dec 2017 |
| Valuation | $17M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Smartron acquisitions and their M&A valuation multiples. Start Free Trial | |
Smartron Competitors
Smartron competitors include listed companies like UBtech Robotics, Lite-On Technology, Shenzhen Sunway and EZVIZ Network, and private ones like Terminus Technologies and Orby.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $2.9B | - | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $5.2B | $700M | $20B | 2.9x | ||
| Publicly listed | $1.3B | $230M | $8.3B | 5.7x | ||
| Publicly listed | $880M | $103M | $3.3B | 2.8x |
Smartron Public Comps
Smartron is still privately-owned, but its public comps include Apple, Tesla, Samsung, Dell, Sony, Stryker, Xiaomi, Johnson Controls, Panasonic and Nintendo.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $416B | $144B | 11.9x | 10.4x | 34.2x | 29.4x | |||
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $80B | $17B | 1.8x | 1.7x | 8.5x | 8.9x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $68B | $8.4B | 1.1x | 1.1x | 8.7x | 13.8x | |||
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
This data is available for Pro users. Sign up to see all Smartron competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Smartron
| When was Smartron founded? | Smartron was founded in 2014. |
| Where is Smartron headquartered? | Smartron is headquartered in Hyderabad, India. |
| Is Smartron publicly listed? | No, Smartron is a private, VC-backed company. |
| How much funding has Smartron raised? | Smartron has raised $210M across 7 funding rounds. |
| What was Smartron's last funding round? | Smartron's last funding round was a $200M undisclosed-stage round in January 2022, led by The Global Emerging Markets Group. |
| Who are Smartron's investors? | Smartron's investors include Sachin Tendulkar, TAQNIA, Silpa Chaitanya Pakanati, Sanjay Jha and The Global Emerging Markets Group. |
| Which companies are comparable to Smartron? | Companies comparable to Smartron include UBtech Robotics, Terminus Technologies, Orby, Lite-On Technology, Shenzhen Sunway and EZVIZ Network. |
| How many companies has Smartron acquired? | Smartron has acquired 1 company, including MiQASA. |
| What was the largest acquisition by Smartron? | The $17M acquisition of MiQASA in December 2017 is the largest acquisition Smartron has made to date. |
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