wordpress blog stats
Connect with us

Hi, what are you looking for?

Hero Electronix acquires IoT startup Zenatix

Hero Electronix, a Hero Group company, has acquired IoT startup Zenatix for an undisclosed amount. Founded in 2013 by Rahul Bhalla, Vishal Bansal, and Amarjeet Singh, Gurgaon-based Zenatix looks at conserving energy/electricity using predictive insights and machine learning.

According to media reports, Hero Electronix will be launching its own consumer-facing IoT platform by end of this year. With this transaction, Hero Electronix reportedly plans to expand into global markets in countries like  Indonesia, Malaysia, Vietnam etc.

In June 2015, the Munjal family had entered the electronics business and had picked up a majority stake in set top box manufacturer MyBox Technologies to launch Hero Electronix. At that time the company had announced that Hero Electronix will see the investment of Rs 500 crore from its parent company in the next few years. Suman Kant Munjal heads Hero Electronix.

Interestingly,  Hero Enterprise’s chairman Sunil Kant Munjal, and Hero Electronix, along with other investors invested $25 million (approx Rs 160 crore) in Artificial Intelligence (AI) and IoT-focused early stage venture fund pi Ventures. And, Zenatix is pi Ventures’s investee company. pi Ventures had invested around $1.18 million in Zenatix in February 2017.

Previously, Hero Electronix invested in Bangalore-based semiconductor company Tessolve in 2016. In the same year, it acquired Malaysia-based PCB manufacturing company Spectrum Integrated Technologies and chip test business of Singapore-based Lynxemi. According to this Times of India report, the company is targeting revenues of $1 billion by 2021.

Advertisement. Scroll to continue reading.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ