Binatone communications Group is a
Hong Kong based consumer electronics and Personal Care Products Company. Connovate
Technologies is a Bangalore based startup company and the maker of Gecko
device. Gecko is a Bluetooth device. Recently, Binatone has acquired Connovate
Technology for an undisclosed amount.
After this deal, Connovate will
merge with Binatone subsidiary Hubble connected and will get access to the 1500
stores in United States and 1000 in Europe that Binatone has a presence in.
Gecko will be bundled with home, pet, and baby monitoring solutions that
Binatone sells under Motorola brand. Connovate becomes the first Indian Startup
to have an exit in the inter of things domain, a technology that represents a
truly connected world where all devices talk to one another.
Last year, in November Connovate
had raised $135,410 through the crowd-funding platform Indiegogo. At the time, it
had also received pre-orders for 7500 devices, mostly from US, UK, and Germany,
including 500 from India. Gecko allows people to control and spot various
objects around them using a smartphone. Besides tracking, the device can also
be used to trigger a camera, change music using gestures, motion detection, and
smart leash.
Connovate other product is Weight
Smart, which is quite similar to FItbit Aria except that it uses Bluetooth
instead of Wi-Fi. The device comes with its own custom app using which a person
can log weight and even connected to Run Keeper to create some actionable information
from it. Gecko is a coin-size, square shaped device that connects with the
smartphone via Bluetooth and allows users to control multiple things such as
household items and electronic appliances through the smartphone.
Foreign companies are looking for
acquiring startups in India to grow their business. Yahoo had acquired Bookpad
a US based startup with operation in Bangalore. Facebook acquired Little Eye
Labs Pvt. Ltd. in January. Google acquired Impermium, and Naspers Ltd. acquired
online bus ticketing company RedBus in 2013.
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