Ikin

Kochi, India Founded: 2022 • Age: 4 yrs Acquired By Openapp
Manufacturer of smart locks and access control technology for businesses
Annual revenue $380,146 Latest available
Total funding $3.0M 2 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 5 Services tracked
Competitors 8 Brand Intelligence

About Ikin

Ikin is a company based in Kochi (India) founded in 2022 by Nibu Alias, Arjun Sarath, Sabarish Prakash, Ani Abraham Joy, Biniyas Valiyaveettil, and Midhun Skaria was acquired by Openapp in March 2022. Ikin has raised $3 million across 2 funding rounds from investors including Unicorn India Ventures, Openapp and Callapina. Ikin offers products and services including Door Lock Ultra, Door Lock Max SE, Door Lock Max, Padlock HD, and 4G GPS Truck Lock. Ikin operates in a competitive market with competitors including Assa Abloy, Openpath, Level, igloohome and Brivo, among others.

  • Headquarter Kochi, India
  • Founders Nibu Alias, Arjun Sarath, Sabarish Prakash, Ani Abraham Joy, Biniyas Valiyaveettil, Midhun Skaria
  • Sectors
    Industrial Goods & Manufacturing
    Technology
  • Email
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  • Phone
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  • Website
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  • Legal Name Sectorqube Technolabs Private Limited,
  • Date of Incorporation 24 Feb, 2012
  • Jurisdiction Ernakulam, Kerala, India
Operational Areas
Industrial Goods & Manufacturing → Security, Surveillance & Safety Systems Unlock Sub-Sector Unlock Segment
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $380.15 K (USD)
    16.91
    as on Mar 31, 2023
  • Net Profit
    $5.48 K (USD)
    -89.59
    as on Mar 31, 2023
  • EBITDA
    $80.37 K (USD)
    -37.59
    as on Mar 31, 2023
  • Total Equity Funding
    $3 M (USD)

    in 2 rounds

  • Latest Funding Round
    $2 M (USD), Seed

    Jun 24, 2026

  • Investors
  • Employee Count
    Not available
  • Acquired by
    Openapp

    (Mar 04, 2022)

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Products & Services of Ikin

Ikin offers a comprehensive portfolio of products and services, including Door Lock Ultra, Door Lock Max SE, Door Lock Max, Padlock HD, and 4G GPS Truck Lock.

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Primary

Premium lock with fingerprint and Bluetooth for home security

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Budget lock offering fingerprint storage and Bluetooth access

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Cost-effective lock with multiple access options for users

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Durable padlock for securing assets and premises

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GPS-enabled lock for tracking and securing vehicles

Funding Insights of Ikin

Ikin has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Ikin

Ikin has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Unicorn India Ventures, Openapp and Callapina.

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Venture Fund
Investor Description Founded Year Domain Location
Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Venture capital firm focused on multiple sectors
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Investor details for Ikin

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Investments & Acquisitions by Ikin

Investments
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Investment portfolio details for Ikin

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Financial Statements - Ikin

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Detailed financials for Ikin

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Ikin Comparisons

Ikin Primary company
Description
Manufacturer of smart locks and access control technology fo...
Location
Kochi, India
Founded Year
2022
Annual Revenue
$380.15 K (USD)
Net Profit
$5.48 K (USD)
EBITDA
$80.37 K (USD)
Employees
Not available
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Peer comparison for Ikin

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Competitors of Ikin

Ikin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Assa Abloy, Openpath, Level, igloohome and Brivo, among others.

Company Name Domain Founded year HQ Location Description
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Provider of cloud-based access control systems
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Cloud-based access control systems with mobile credentials are provided.
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Smart locks are designed and sold by Level.
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Keyless smart locks are developed for consumer and commercial applications.
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Developer of AI and cloud-based integrated access control systems
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Camera-equipped smart locks are developed for home entry.
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Detailed competitors of Ikin

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Latest news on Ikin

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Complete news archive for Ikin

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Frequently Asked Questions about Ikin

Ikin was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Ikin is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.

Ikin is a funded company, having raised a total of $3M across 2 funding rounds to date.

Annual revenue of Ikin is $380.15K as on Mar 31, 2023.

Ikin was founded in 2022 in Kochi, India, as a manufacturer in the security technology sector. Operations focus on producing smart locks for securing cargo, facilities, and high-value assets. Features such as geo-fenced access, real-time alerts, and customizable modes are integrated into the products. Remote enforcement of access rules and accountability are enabled without physical keys, supporting business control and visibility.

Ikin's top competitors include igloohome, Openpath and Assa Abloy.

Ikin offers Door Lock Ultra, Door Lock Max SE, Door Lock Max, Padlock HD, and 4G GPS Truck Lock.

Ikin has 4 investors. Key investors include Unicorn India Ventures, Openapp, Callapina, and AWE Funds.

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