Investment Companies Blume Ventures and Merak Ventures pour $4 Million into iDO Devices
iDO Devices, a leading tech solutions company based in India, has recently secured $4 million in funding from Blume Ventures and Merak Ventures. This investment aims to bolster iDO Devices' mission to establish a comprehensive, integrated design and product delivery ecosystem.
Founded in 2011, iDO Devices has been bringing tech innovations to life in India and ensuring that these solutions are globally accessible. The company specializes in developing advanced Bluetooth Low Energy (BLE), Wi-Fi, GPS, and potentially GSM applications.
With this funding, iDO Devices plans to boost customer acquisition, technology development, and Intellectual Property (IP) creation, and expand its geographical reach. The company is focused on realizing its 'Single-Window Fulfillment Vision' through three key strategies: establishing a comprehensive tech value chain, transforming Research and Development (R&D) efforts, and enhancing connectivity, capacity, and intelligence.
iDO Devices offers a range of services, including Bluetooth Turnkey Solutions, high-quality, competitively priced solutions, embedded system design & development, hardware & firmware development, and comprehensive product design. The company's website can be found at https://idodevices.com/.
Blume Ventures, India's leading homegrown early-stage venture capital firm, has a portfolio of over 300 companies including unicorns like Unacademy, Slice, Purplle, and Spinny. Merak Ventures, on the other hand, is a sector-agnostic, early-stage venture fund investing in companies that are solving real problems and creating large-scale impact in the Business-to-Business (B2B) and emerging technologies sectors.
This investment will enable iDO Devices to revolutionize the Original Design Manufacturing (ODM) framework by harnessing India's technical brilliance and entrepreneurial spirit. The company is committed to aligning global brands with the robust Indian ecosystem to deliver high-quality tech solutions across multiple sectors.
It is important to note that iDO Devices has not been mentioned to have raised ₹2.4 Crore in pre-seed funding for AI-driven stock discovery and analysis, nor has it received funding from Blackrock or Minutes Media. Additionally, the article does not provide information about the Family Office Summit 2025 or the 20-Tab Problem investment.
As iDO Devices continues to grow and innovate, it is poised to make a significant impact in the tech industry, both in India and globally.
