Indkal Technologies inks deal with Acer to manufacture, design smartphones

Consumer electronics startup Indkal Technologies on Thursday announced it has entered a trademark licensing agreement with Acer Incorporated to design, manufacture, and distribute smartphones under the Acer brand in India.

The deal marks the introduction of Acer-branded smartphones into the Indian market.

This comes a month after the Bengaluru-based startup raised its maiden fundraise of $36 million (approximately Rs 300 crore) led by Mauritius-based Aries Opportunities Fund. The firm said it would use the capital for the development of products like air conditioners, televisions, washing machines, and refrigerators through a new research and development (R&D) facility.