Former Xiaomi India Exec's Startup Circuit House Raises $4.3 Mn

Circuit House Technologies, a pioneering venture led by consumer tech industry veterans, has raised USD 4.3 million in seed funding led by Stellaris Venture Partners and 3one4 Capital, with participation from prominent angel investors including Varun Alagh (Co-founder, Mamaearth), Abhishek Goyal (Co-founder, Tracxn), and a host of strategic investors.

Circuit House Technologies has been co-founded by Raghu Reddy (ex-CBO, Xiaomi India) and Kailash Sankaranarayanan (ex-Senior Director, Flipkart). Raghu played a key role in propelling Xiaomi to become India’s leading Smartphone and Smart TV brand. Recognised among the top 10 contributors globally at Xiaomi, Raghu is known for his strategic acumen and leadership, having built teams that scaled multiple consumer tech categories. Kailash, a marketing leader with over 15 years of experience, has a proven track record of scaling brands, businesses and digital initiatives in Hindustan Unilever, Murugappa and Flipkart.

The funding will be utilised to assemble an exceptional team across multiple functions, advance its R&D efforts on hardware and software, and launch India’s next-generation consumer electronics brand in the coming months.

Raghu Reddy, Co-founder, Circuit House Technologies said, "Today’s modern, aspiring Indian consumer expects superior and relevant local experiences. At Circuit House, we believe that leveraging innovative technology and unique Indian consumer insights can help deliver a differentiated proposition. Our goal is to build the next-generation Indian consumer tech company, offering cutting-edge home entertainment products that spark excitement & joy. We are honored by the support of our esteemed investors, whose backing validates our vision of transforming the consumer tech space and reflects their belief in our team.”