Hubble Connected invests in Indian IoT company Connovate
UK based Hubble Connected Ltd. invested in an Indian IOT electronics design company called Connovate by taking majority stake in Connovate. Connovate is based in Bangalore, India. Connovate is specifically is into developing cloud connected smart devices and designing products for OEMs in IOT and consumer electronics space.
Connovate is specifically strong in Bluetooth Low Energy domain, where it has launched Gecko, its Bluetooth Low Energy (BLE) tag on the crowdfunding platform Indiegogo.
Connovate is a startup IoT pioneer in India. There is a huge rush by Indian electronics design company in leveraging the big market opportunity created by IOT. Particularly for Indian start-ups, IOT is a great place for growth. Gartner has recently predicted that by 2017, 50% of IOT solutions will originate in start-ups that are less than three years old.
Author: Srinivasa Reddy N