A safety wearable device startup, Leaf wearables has raised $250,000 in seed round of funding from a group of investors, said the company. The company will use this fund to expand its smart safety wearable device named “SAFER”. Leaf Wearables was founded by Avinash Bansal, Ayush Banka, Chiraag Kapil, Manik Mehta and Paras Batra, who are students of IIT Delhi and Delhi Technological University.
The investors, Who have invested in this round of seed funding are Ajeet Khurana, Serial Entrepreneur, Mumbai Angels, Jinesh Shah – Founding Partner at Omnivore Ventures, Vikram Chachra – Co-Founder of Eight Capital, India’s leading Special Situations Investment Firm, Dr. Aniruddha Malpani – Angel Investor, Director at Solidarity Investment Advisors, Vijay Talreja – Angel Investor, Co-Founder and Director at Adapty Inc and others.
The smart safety wearable device “SAFER” is a device that allows users to trigger alarm or send signals to some particular pre-defined phone numbers in case of emergency. The device can be used as a Jewellery, which women can wear as a necklace. The product was made to ensure safety of women.
The company wants to expand its SAFER product to bigger masses to ensure the safety of women in the nations. The startup is planning to reach 1 Million “SAFER”users by the 2017. The company had also raised Rs. 500,000 through crowdfunding and $80,000 via business plan competitions.
The main feature of SAFER wearable device is SaferWalk, which allows its users to enter the start and destination point of their journey, if they feel the route is unsafe. Once the users enter start and destination point of the route, their guardian can track them throughout the whole journey. After reaching destination, they can disable the tracking system.