India-based mobile technology provider Cube26 has secured $7.7m in a round led by investment firm Tiger Global Management and backed by e-commerce company Flipkart, the Economic Times reported on Monday.
Founded in 2012, Cube26 has developed customisation technology for mobile operating systems, and is also branching out into internet of things products. It has accumulated a range of connected device patents and expects to release a smart light bulb next month.
Describing his company’s mobile technology investments, Nishant Verman, Flipkart’s head of corporate development, told ET: “Our overall investment philosophy is around backing a phenomenal team trying to solve a hard problem in a large market through technology.
“(Cube26) is a very disruptive company. We feel this can really impact the lives of users, both today and in the future.”