Ikin Global has Secured $1 Million in Pre-Series A Round Funding

Ikin Global, an IoT smart lock brand, has raised $1 million in pre-Series A funding led by Unicorn India Ventures and Callapina Capital, with support from existing investors.

Purpose of fund Raising

The funds will be used to improve its product lineup with new AI-powered features, advanced sensors, and solutions for specific industries. Ikin also plans to expand its teams in India, the US, and Europe to boost sales, marketing, operations, and support.

The company has secured 2,500 trucks and 1,500 facilities, including warehouses, vaults, and retail stores.

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Ikin Global says it has orders for 20,000 smart locks and aims to generate ₹30 crore in revenue from its logistics-focused smart lock business. The company has introduced new products like Portable iSeals with a 1-year battery life to replace single-use plastic seals and a Smart GPS Truck Lock with advanced sensors for detecting intrusions.

About Ikin Global

Ikin, created by SectorQube, specializes in smart security solutions. Its innovative smart locks let homeowners and businesses control their locks remotely through smartphone apps or voice assistants.

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