Leaf Wearables, a women-safety centric wearable tech startup, churned out from Delhi technological University and the prestigious IIT Delhi, has garnered a $250 seed round from a group of angel investors. The startup also featured among the 10 selected startup in the first US-India Startup Konnect program — which happened during PM Modi’s recent visit to the Silicon Valley.
Since its inception in February 2015, the company has been boot-strapped along with the amount that they have won in various innovation and business plan competitions — amounting to an impressive $80K.
The current round has been raised from Ajeet Khurana, Jinesh Shah – Founding Partner at Omnivore Ventures, Vikram Chachra – Co-Founder of Eight Capital, Dr. Aniruddha Malpani – Angel Investor, Vijay Talreja – Angel Investor, Co-Founder and Director at Adapty Inc and others.
Speaking in this new development for business growth, Manik Mehta, Co-Founder, Leaf Wearables, said,
We are excited with the support we have received from our investors. The money will be utilised to expand the product offering. We hope to reach to the masses and contribute towards the safety of women with SAFER.
Leaf’s first product is a smart wearable for women safety — aptly named SAFER. The smart safety device was developed under project ‘Guardian’ which won an Ericsson innovation award this year, resulting in a full-fledged product starting up of Leaf Innovation Pvt. Ltd in February 2015.
SAFER can be used to trigger alarm and send signals to pre-identified phone numbers in case of emergency. The device can be used as smart jewellery in the form of a necklace; and is available in three colors on LeafWearables ₹3500.
While other wearable makers contiue to focus on more commercial products, Leaf Wearables is primarily aligning itself as a company, building products to solve the problem of numerous safety crisis. As for their first device SAFER’s sales, they are on a mission to make 1 million families SAFER by 2017.