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

Smartron Overview

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

IndiaHyderabad

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

Smartron funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2022Undisclosed stageThe Global Emerging Markets Group (lead)$200MSmartron 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 2017AngelSanjay Jha$3MSmartron 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 2017Seed-$200K-
Jul 2016SeedSilpa Chaitanya Pakanati$2M-
Apr 2016Seed-$1M-
Mar 2016SeedSachin Tendulkar$2M-
Feb 2015SeedTAQNIA$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

Investors in Smartron by funding rounds participated
InvestorHQRoundsRoleFirst check
Sachin TendulkarIndiaMumbai1ParticipantMar 2016
TAQNIASaudi ArabiaRiyadh1ParticipantFeb 2015
Silpa Chaitanya PakanatiIndiaWarangal1ParticipantJul 2016

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

MiQASA
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 CountryIndia
HQ City
Hyderabad
Deal Date20 Dec 2017
Valuation$17M
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Smartron
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
Terminus TechnologiesChinaBeijingPrivate--$2.9B-
OrbyUnited StatesSan Francisco, CAPrivate--$2.5B-
Lite-On TechnologyTaiwanTaiwanPublicly listed$5.2B$700M$20B2.9x
Shenzhen SunwayChinaChinaPublicly listed$1.3B$230M$8.3B5.7x
EZVIZ NetworkChinaChinaPublicly listed$880M$103M$3.3B2.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Tesla$95B$10B15.0x13.8x140.8x97.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Sony$80B$17B1.8x1.7x8.5x8.9x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
Xiaomi$68B$8.4B1.1x1.1x8.7x13.8x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x

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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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