Picostone forays into Gujarat
Picostone to focus into 6 city expansion in Gujarat, partner with real estate developers to provide home automation solutions
Home automation startup Picostone Technology has forayed into Gujarat with a range of products that will allow people to have remote control of all home devices. The startup is focussing on 6 cities Ahmadabad, Baroda, Gandhinagar, Botad, Rajkot and Surat in Gujarat to begin and has signed up with Gujarat’s leading distributor in aiding their expansion plan and promoting their products reach across individual end users across Gujarat.
Virang Jhaveri, co-founder and CEO of Picostone stated ‘Gujarat is the third location in our expansion plan post Mumbai and Chennai. High smartphone penetration, increasing disposable income, improving lifestyle and growing awareness and need of tech-based products provide a huge growth opportunity for us’.
Gujarat holds strategic importance for new age home automation startups like Picostone as it has the second highest smartphone penetration in India, a rising youth population and has the least unemployment rate amongst all states in India.
‘We are also in talks with leading real estate developer from Gujarat, especially Ahmedabad and Vadodra, in incorporating our home automation products as a value added offering to their home buyers’ added Mr. Jhaveri.
Picostone home automation products that can control nearly all home devices like lights, fans, air-conditioners, water-heaters, curtains and motion sensors. These products are designed to provide ease of managing & controlling devices, provide malfunctioning warnings and save energy usage leading to monetary savings.
‘Home automation products have moved beyond their traditional function of ease of management to providing users with value based services that can lead to monetary savings and, in certain cases, lives due to the integration of AI’ adds Niket Sarvaiya, COO and co-founder of Picostone.
Picostone Technology raised around INR 5 crore from Metaform Ventures, a US based investor group headed by Nilesh Jain in India.
Spectrum Metro organises Tiranga Yatra to celebrate 75th Indian Independence Day
Noida: Spectrum Metro organised a Tiranga Yatra to mark the Azadi Ka Amrit Mahotsav celebrations on the occasion of India’s...
Tiranga hoisted at highest point in NCR
Gurugram: To mark the 75th Azaadi Ka Amrit Mahotsav and in keeping with PM Modi’s ‘Har Ghar Tiranga’, Raheja Developers...
Pyramid Infratech celebrates 75th Independence Day of India
Gurugram-based real estate developer Pyramid Infratech hosted an event to embark on the 75th year of Indian Independence day and...
CRC Group celebrates “Azadi Ka Amrit Mahotsav” on 75th Independence Day
Noida: Real estate developer CRC Group organised a grand celebration on Independence Day to commemorate “Azadi Ka Amrit Mahotsav” festive...
Mahagun Group holds cultural event to celebrate Azadi Ka Amrit Mahotsav
NCR-based real estate developer Mahagun Group organised a cultural programme on the occasion of the 75th Indian Independence Day, giving...
UP RERA’s 100th meeting on its fourth anniversary; lists it’s achievements
August 16, 2022: The 100th Meeting of U.P. RERA was held on August 16, 2022 under the Chairmanship of its...
News4 weeks ago
Delhi RERA Chairman alerts realty sector on stronger scrutiny & punitive action on projects defying RERA registrations
New Launches4 weeks ago
Strata launches Grade-A office asset in Pune
News3 weeks ago
UPRERA authorises Utopia Estate promoter to complete construction work
Events4 weeks ago
Homebuyers of Silicon City-II, Dream Valley Villas receive Letter of Possession
Guest Column4 weeks ago
Why Sohna is a preferred destination for plot investments in Gurugram
News4 weeks ago
NCR sees highest land appreciation since 2019, 38% rise on Yamuna Expressway
Developers Speak3 weeks ago
Realty wary of upcoming Monetary Policy
News4 weeks ago
BHIVE sees huge response for its Fractional real estate in Bengaluru; offering 15% yield