Bengaluru-based startup Indkal Technologies announced on Thursday that it has signed a licensing agreement to launch Acer-branded smartphones in India. The Taiwanese consumer electronics company is said to be entering the Indian smartphone market again, years after its smartphone business shut shop. This development comes after Indkal raised $36 million (roughly Rs. 300 crore) in a Series A funding round last month, led by Mauritius-based Aries Opportunities Fund.
Indkal will design, manufacture and distribute Acer-branded smartphones across the country. As per the companies, they will launch “a wide range of smartphones” between Rs. 15,000-Rs. 50,000. However, it will not take on the players in the budget smartphone market, instead choosing to introduce options in the mid-range segment which is already flooded with options by various Indian and international manufacturers.
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