Founded in 2007 and based in Gurgaon (recently renamed in Gurugram), Trak N Tell explores the young market of "connected cars," vehicles that are equipped with Internet access and a wireless local area network. The firm currently provides Intelli7, a flagship GPS-based device that enables owners to track their vehicles. It also includes such benefits as engine failure prediction, preventive maintenance notifications, a fuel monitoring system and a panic-button.
"We are happy to see rising interest in the connected cars' space in India. This funding is indicative of the same and a global appreciation of our attempt to endorse the Make in India initiative," CEO of Trak N Tell Pranshu Gupta said in a press release. "We will launch a superior safety solution for individual car and bike owners in the country. Our aim is to offer an Indian version of connected cars that are available in Europe and North America," he added.
"Pranshu has extremely interesting plans for the Indian automotive market and I'm very excited to help him scale his business further as an investor. It is great to be part of Trak N Tell," added Acton.