Circuit House Technologies, led by Raghu Reddy which is a consumer electronics manufacturer, announced on Thursday that it has raised $4.3 million in seed funding. The funding round was led by Stellaris Venture Partners and 3one4 Capital, with participation from angel investors like Varun Alagh, co-founder of Mamaearth, and Abhishek Goyal, co-founder of Tracxn.
The funds raised will be used to enhance research and development in hardware and software, expand teams across different areas, and launch a new consumer electronics brand in India in the coming months.
“At Circuit House, we believe using innovative technology and understanding Indian consumers will help us stand out. Our aim is to create a next-generation consumer tech company that offers exciting home entertainment products,” said co-founder Raghu Reddy, who was previously the chief business officer at Xiaomi India.
“We see great potential in Circuit House Technologies’ approach to the consumer tech market. Raghu and Kailash have unique expertise and vision, and their innovative strategies inspire a lot of confidence. We believe they will lead the company to new heights and achieve significant success in the industry,” said Rahul Chowdhri, partner at Stellaris Venture Partners.
“Considering today’s customer needs, we see a strong opportunity for the Circuit House team to create high-quality products. With Raghu and Kailash having over a decade of experience, we are excited about building a leading Indian consumer electronics brand that can compete globally,” added Akshay Sharma, vice president at 3one4 Capital.
Founded in March 2024 by Reddy and Kailash Sankaranarayanan, a former senior director at Flipkart, Circuit House Technologies is a company that focuses on developing innovative electronic solutions. They specialize in creating advanced circuit designs for various applications, including consumer electronics, industrial systems, and automotive technology. The company is known for its commitment to quality and precision in their products.
With a dedicated team of engineers and researchers, Circuit House Technologies continually pushes the boundaries of what is possible in the field of electronics. Their goal is to provide reliable and efficient solutions that meet the needs of their clients and contribute to the advancement of technology.
