IoT Smart Lock Company Ikin Global Raises $2 Million in Pre-Series A2 Round

Ikin Global Raises $2 Mn To Take Its Smart Lock Solutions Overseas

IoT smart lock startup IkinGlobal has raised $2 Mn (about ₹19 Cr) in its pre-Series A2 funding round led by Unicorn India Ventures, Callapina Capital and AWE Funds. The fresh capital will be utilised to expand into international markets, accelerate product development, scale manufacturing capacity, and strengthen its operations, the startup said in a statement. Founded in 2012 by Nibu Alias, Ikin Global develops IoT-enabled smart locks and secur…

IoT Smart Lock Company Ikin Global Raises $2 Million in Pre-Series A2 Round

Funding Round: Led by Unicorn India Ventures, AWE Funds, and Callapina Capital. Strategic Deployment: Capital will be used for geographical expansion, new product development, team growth, and scaling operations. Growth Milestone: In the past 12 months, Ikin expanded deployment from 2,500 to 10,000 trucks, achieving 5 million+ successful lock/unlock cycles. The company also conducted successful trials in the United States, UAE, and UK. Product L…