Company Name : Leaf Wearables
Funding Amount : $250,000
Investor(s) Ajeet Khurana Jinesh Shah. Vikram Chachra. Dr. Aniruddha Malpani
Funding Round : Seed round
Founded in 2015 by the students of IIT Delhi and Delhi Technological University, Leaf Wearables has raised $250,000 in seed funding.
The funding has been raised from seasoned investors including Ajeet Khurana – Serial Entrepreneur, Mumbai Angels, Jinesh Shah – Founding Partner at Omnivore Ventures, Vikram Chachra – Co-Founder of Eight Capital, Special Situations Investment Firm, Dr. Aniruddha Malpani – Angel Investor, Director at Solidarity Investment Advisors, Vijay Talreja – Angel Investor, Co-Founder and Director at Adapty Inc and others.
The funding will be used to grow Leaf Wearables’ product SAFER, a smart safety wearable device. The product is a smart safety device which can be used to trigger alarm and send signals to pre-identified phone numbers in case of emergency.
Manik Mehta, Co-Founder, Leaf Wearables, said, “So far we have been on pre-orders but this seed funding will help us create an inventory. This money will also help us expand our technical team for product enhancement and improve the product offering by introducing new jewellery designs. We are also looking at the global market but India being our major focus currently. The SAFER app is available on play store and will soon be on App store too.”