Update: Fin has successfully raised over $100,000 from the Indiegogo campaign.
Earlier: Another crowd-funding success from India is in the making. Fin, a wearable technology startup from Cochin, is only $6000 short of raising $100,000 on Indiegogo. With 6 days left to close the fund raiser, one final push is likely to see them through.
The wearable ring, which claims to make your palm a numeric keypad and a gesture interface, has raised a cool $94,702 from 780 funders at the time of writing this post.
Fin is a low energy Bluetooth device that can connect to smartphones, television sets and other Bluetooth enabled gadgets.
The ring like device wraps around your thumb. You can assign activities to devices connected to the Fin and trigger them using gesture control. RHL Vision Technologies, the makers of Fin, was incubated at Startup Village in Cochin.
This is the second hardware startup from India to successfully crowdfund over $100,000. In October last year, Gecko, another low powered Bluetooth device made in India, raised over $135,000 from Indiegogo. It’s backers included Apple co-founder Steve Wozniack.
Fin’s success (well nearly there) proves that the Indian hardware startups, which often find it difficult to raise early capital, can indeed now look to crowdfunding as a serious source of capital. The rise of Indian hardware startups, is a trend we’d outlined earlier.