Consumer electronics startup Circuit House Technologies has announced the successful completion of a $4.3 million funding round led by Stellaris Venture Partners and 3one4 Capital. The round, which marks the first institutional funding for the company, also saw participation from notable angel investors including Mamaearth cofounder Varun Alagh and Tracxn cofounder Abhishek Goyal.
The entire funding amount was raised through equity, though the company has chosen not to disclose the valuation at which the funding took place.
“We see tremendous potential in Circuit House Technologies’ approach to the consumer tech market. Raghu and Kailash bring unparalleled expertise and vision to the table, and their innovative strategies and leadership inspire great confidence. We are certain they will drive the company to new heights, achieving remarkable success in the industry,” said Rahul Chowdhri, partner at Stellaris Venture Partners.
Founded in March 2024 by Raghu Reddy, former chief business officer at Xiaomi India, and Kailash Sankaranarayanan, former senior director and revenue head of grocery at Flipkart, Circuit House Technologies is set to make its mark in the consumer electronics market. The company plans to develop and sell a range of consumer electronic products, beginning with home entertainment devices slated for release early next year.
“Today’s modern, aspiring Indian consumer expects superior and relevant local experiences. At Circuit House, we believe that leveraging innovative technology and unique Indian consumer insights can help deliver a differentiated proposition. Our goal is to build the next-generation Indian consumer tech company, offering cutting-edge home entertainment products,” Reddy said.
With this infusion of capital, Circuit House Technologies aims to capitalize on the growing demand for advanced home entertainment solutions in India, bringing innovative and locally tailored products to the market. The leadership team’s extensive experience in the tech and ecommerce sectors is expected to drive the company’s vision and strategic goals forward, setting the stage for significant growth and market penetration.