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 $1 million across 1 funding round 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
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Sectorqube Technolabs Private Limited,
- Date of Incorporation 24 Feb, 2012
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$380.15 K (USD)16.91as on Mar 31, 2023
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Net Profit
$5.48 K (USD)-89.59as on Mar 31, 2023
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EBITDA
$80.37 K (USD)-37.59as on Mar 31, 2023
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Total Equity Funding
$1 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Nov 26, 2024
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Investors
Unicorn India Ventures
& 2 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Premium lock with fingerprint and Bluetooth for home security
Budget lock offering fingerprint storage and Bluetooth access
Cost-effective lock with multiple access options for users
Durable padlock for securing assets and premises
GPS-enabled lock for tracking and securing vehicles
Funding Insights of Ikin
Ikin has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in November 2024. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
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First Round
First Round
(26 Nov 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Seed - Ikin | Valuation | Unicorn India Ventures , Callapina |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ikin
Ikin has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Unicorn India Ventures, Openapp and Callapina. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Smart locks and fingerprint-based security systems are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ikin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ikin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ikin Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cloud-based access control systems
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| domain | founded_year | HQ Location |
Cloud-based access control systems with mobile credentials are provided.
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| domain | founded_year | HQ Location |
Smart locks are designed and sold by Level.
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| domain | founded_year | HQ Location |
Keyless smart locks are developed for consumer and commercial applications.
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| domain | founded_year | HQ Location |
Developer of AI and cloud-based integrated access control systems
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| domain | founded_year | HQ Location |
Camera-equipped smart locks are developed for home entry.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ikin
Frequently Asked Questions about Ikin
When was Ikin founded?
Ikin was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Ikin located?
Ikin is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Is Ikin a funded company?
Ikin is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Nov 26, 2024.
What is the annual revenue of Ikin?
Annual revenue of Ikin is $380.15K as on Mar 31, 2023.
What does Ikin do?
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.
Who are the top competitors of Ikin?
Ikin's top competitors include igloohome, Openpath and Assa Abloy.
What products or services does Ikin offer?
Ikin offers Door Lock Ultra, Door Lock Max SE, Door Lock Max, Padlock HD, and 4G GPS Truck Lock.
Who are Ikin's investors?
Ikin has 3 investors. Key investors include Unicorn India Ventures, Openapp, and Callapina.