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NEW DELHI: Intex<\/a> Technologies is looking to invest around Rs 60 crore this year in technology software and Internet of Things<\/a> (IoT<\/a>) start-ups with an aim to build an ecosystem for its mobile devices<\/a> and consumer appliances business, having already invested in two startups, including sports engagement platform Rooter.\n
\nThe company’s immediate focus is to hunt for IT-enabled startups in the healthcare and Internet of Things domains. “The idea is to head towards smart appliances and home automation category, having a consumer durable business in India, which is growing for the company,” Keshav Bansal, Director, Intex Technologies, told ET.
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\nThe company had last year launched an upto Rs 200-crore fund to invest in startups with a strategic fit to its business. “We are looking to invest around one-third of the previously announced startup fund…we are in touch with a few startups for new investment…We will soon announce our latest investment,” he said. Asked on the ticket-size for the investment, Bansal said that it may vary company to company.
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\nThe consumer durable business now contributes around 35% towards the overall revenue, and the company is aiming to take this to 50% of overall revenue in coming time.
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\nKorean handset and appliances makers Samsung and LG have bigger smart appliances and home-automation play at the global level, but they haven’t made any aggressive bet on the India market. LG, for instance, was reportedly planning to introduce its internet-connected appliances equipped with features such as LG HomeChat and SmartThinQ that enable consumers to control and operate home appliances through smartphones.
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\nALSO READ: Intex eyes Rs 4200 crore revenue this fiscal; kicks off domestic LED Panel production<\/a><\/strong>
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\nFor home-automation segment, it is pertinent for these players to collaborate with telecom service providers for connectivity, according to analysts.
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The home automation segment is in its nascent stages in India, while the global smart home<\/a> market is expected to grow at a CAGR of 14.5% between 2017 and 2022, and the market revenue of $24.10 billion in 2016 is expected to grow up to $53.45 billion by 2022, according to a study by Zion Market Research.
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\nIntex is aiming to clock around Rs 4200 crore revenue by the end of this fiscal year through March 2018, roughly 4% lower than a year earlier which saw a 30% on-year slump, as the home bred handset maker tries to offset the effects of intense competition by growing its newer consumer electronics business.
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\nThe company’s sales plunged 30% to Rs 4,364.08 crore in the year ended March 2017 after the disruption caused by the entry of Reliance Jio and because of demonetisation. Net profit declined 17% to Rs 127.3 crore.
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\nIntex’s bigger domestic rival Micromax had also set up a $100-million (about Rs 650-crore) fund, Orbis Capital, last year for startups in consumer internet sector across the world.
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\nChinese handset maker Xiaomi has even a bigger plan to invest as much as $1 billion in 100 startups in India over the next five years, seeking to create an ecosystem of apps around its smartphone brand.
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\nXiaomi, which has become India’s leading smartphone brand, is primarily looking at investments through its sister company Shunwei Capital, which have purchased stakes in six Indian internet companies including Hungama and KrazyBee.<\/body>","next_sibling":[{"msid":62648916,"title":"Proposed increase in spectrum caps to further hasten networks rollouts: Vodafone CEO Vittorio Colao","entity_type":"ARTICLE","link":"\/news\/proposed-increase-in-spectrum-caps-to-further-hasten-networks-roll-outs-vodafone-ceo-vittorio-colao\/62648916","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":62649170,"entity_type":"ARTICLE","title":"Intex looks at smart home category via strategic startup investments","synopsis":"The consumer durable business now contributes around 35% towards the overall revenue, and the company is aiming to take this to 50% of overall revenue in coming time.","titleseo":"telecomnews\/intex-looks-at-smart-home-category-via-strategic-startup-investments","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2018-01-25 15:03:51","lastupd":"2018-01-25 15:10:15","breadcrumbTags":["Intex","internet of things","Devices","Smart home","IoT"],"secinfo":{"seolocation":"telecomnews\/intex-looks-at-smart-home-category-via-strategic-startup-investments"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2018-01-25" data-index="article_1">
新德里消息:国际展览中心技术正在寻求投资约60卢比今年软件和技术物联网(物联网)公司,目的是为其移动构建一个生态系统设备和家用电器业务,已经投资了两个公司,包括体育参与平台挖土机。公司的重点是寻找it驱动的初创公司在医疗保健和物联网领域。“我们的想法是驶向智能电器和家庭自动化范畴,在印度耐用消费品业务,为公司成长,“Keshav邦萨尔,主任,国际展览中心技术,告诉等。
公司去年推出了一个到价值200卢比的基金投资创业战略适合其业务。“我们正在寻找投资此前宣布启动基金的大约三分之一…我们在联系一些初创公司新投资…我们将很快宣布我们最新的投资,”他说。问的票面份额投资,邦萨尔说,公司可能会有所不同。
现在的耐用消费品业务对整体营收贡献约35%,公司的目标是把这个在未来时间整体营收的50%。
韩国手机和家用电器制造商三星和LG的智能家电和家庭自动化发挥更大了在全球层面,但他们没有做任何积极的印度市场押注。例如,LG,据说计划推出网络家电配备LG HomeChat和SmartThinQ等特性,使消费者通过智能手机来控制和操作家用电器。
还读:国际展览中心的眼睛4200卢比这个财政收入;LED面板开始国内生产
对于家庭自动化领域,相关的这些球员为连接与电信运营商合作,据分析师。
家庭自动化领域是在印度处于新生阶段,而全球智能家居市场预计将以14.5%的复合年增长率增长在2017年和2022年之间,和市场营收为241亿美元在2016年有望增长到534.5亿美元,到2022年,一项研究显示,锡安市场研究。
国际展览中心的目标是年底时钟大约4200卢比的收入到2018年3月的财政年度,大约4%低于去年同期同比下滑了30%,作为培育手机制造商试图抵消激烈竞争的影响,其更新的消费电子业务增长。
公司的销售下降30%,至4364。08卢比今年截至2017年3月后造成的中断进入Jio因为demonetisation的依赖。净利润下跌17%,至127.3卢比。
国际展览中心更大的国内竞争对手Micromax还设立了一个1亿美元(大约价值650卢比)基金,奥比斯资本,去年全世界消费者互联网行业创业。
中国手机制造商小米甚至更大的计划在100年高达10亿美元的投资创业公司在未来5年内在印度,寻求创建一个生态系统的应用程序在其智能手机品牌。
小米,已成为印度领先的智能手机品牌,主要是看投资通过其姊妹公司Shunwei资本,购买了六个印度互联网公司股份包括Hungama和KrazyBee。
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