RUDO: India's first smart lock system for industry and homes
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YuTu, A Smart Security Solution company, has developed a smart transportation security solution combining GPS enabled vehicle tracking with lock operations monitoring to fool proof the system to remove pilferage and theft during transportation of goods

  • An Indigenously built, Patented IOT based smart lock system that provides keyless operations, Easy Share Access, and audit trails

  • Custom GPS locks for logistics and warehouse, Smart door locks for Apartments, Hotels & Offices and Padlocks for cabinets, lockers & Enclosures.

Location : Bengaluru 

Website :  www.yutuelectronics.com

Sector:     IoT Device; 

Potential Order Pipeline 2020:  50K Units

 

Est Revenue H2' 2021: $ 1 Million

Commit: $ 20 K

Target 

$ 1 Million

Term Sheets : Open

Lead Investor : Open

Expected Close : 20 February

Seed Round

  • LinkedIn
  • Facebook

Interest Received: 3

YuTu Story

Abhishek Srivastav and Amit Didwania, Good friends from IIT BHU, after working for 20+ years  with companies like Texas Instruments, Infineon and Intel, spotted a whitespace that is underserved today.

 

While homes are becoming smart, locks are still in stone age. For business the problem is even severe, Logistics industry in India faces staggering 31% losses due to cargo thefts. Home security solution is a huge $1.05 billion market and growing. 

 

The duo from IIT BHU decided to tap this opportunity and introduced RUDO- Smart lock system in Aug 2020, after 2.5 years of research and development.

RUDO Story
Reasons to Invest

Strong order pipeline

Unique "category maker" that's  creating a new  market 

Strong team with relevant experience

Revenue generating 

Patented Product with high entry barriers for new incumbent

Alliances and distribution network in place