In a conversation with PC Quest Virang Jhaveri, Co-Founder & CEO, Picostone Shares how Picostone can help in making your home smarter
Tell us about the product portfolio?
We understand that there is a major gap between controlling your appliances at home. So we started with controlling air conditioners, your lights, what we do is we have a simple device which sits behind your switch board and lets you control all of this from your smart phone. We need only 15 minutes for installation by a regular electrician. This is our biggest advantage unlike other competitors our system is installed by a regular electrician. Let’s say there are across 18 cities we just shift the products from here, arrange for a regular electrician to install the instrument and its up and running.
Who are your investors & how much was invested?
Nilesh Jain he was the first guy to invest into us, and even he was the platform to begin our work. His background is to manufacture. He manufactures for Schneider and LNT and he has been in the field for past 45 years. That was the major align, together we could do much better in to this space so that’s how it began. The initial investment was 75 lakhs , but you’ll keep it undisclosed.
What is the channel through which you are selling?
We recently did a sale for 2,700 only per device. There was a slight restriction with one email ID just one device. We have a dealership network across 18 cities. So it is just a push in to the market . We have got one of the big names like CN marketing in Kerala.
Across this network is there a retail or one can purchase the products online?
This story is from the February 2018 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2018 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Importance of data privacy and security measures for secure digital learning
Prioritizing data protection and security is not just a technical prerequisite; it's also an ethical and strategic imperative for fostering trust and ensuring academic success in the digital age
How automotive electronics is responding to the evolving market needs
The fusion of automotive and electronics is revolutionizing driving, turning cars into multifunctional hubs. Enhanced safety systems, smart infotainment, heads-up displays, and connectivity redefine the driving experience, prioritizing safety, convenience, and entertainment for all occupants
The evolving face of digital piracy: Trends and tactics in 2024
Amidst the ongoing conflict between pirates and rights holders, there arises a crucial necessity for a collaborative approach encompassing technological innovation, regulatory interventions, and public awareness initiatives to effectively counter digital piracy in India
Navigate the intersection of AI and privacy
The evolving landscape of AI deployment, emphasizing the growing recognition of the need of having on-premise AI solutions and the need for customization to meet specific organizational needs
Revolutionizing fleet management with AI
AI heralds a new era in transportation, promising unparalleled efficiency, safety, and scalability. Its transformative power is set to revolutionize fleet management and logistics, unlocking unprecedented opportunities for optimization and innovation
How AI is revolutionizing Assistive Technology
Al-driven advancements are revolutionizing assistive technology, empowering individuals with disabilities to lead more independent and fulfilling lives.
The universe of open-world games: Exploring the best in the genre
Open-world gaming offers players unparalleled freedom and immersion, facilitated by advanced technology and creative design elements that blur the lines between reality and virtuality
What's the current hullabaloo around the future of AI chips?
AI is not a product per se, like an iPhone or laptop! You cannot log into Amazon or Etsy and buy an Al!! Just look at the development of Al! If it is that easy to develop and deploy, it cannot be a wonder, at least, not for me! At best, it is a tool!
Generative AI: A problemsolving powerhouse
Generative AI is reshaping problem-solving across diverse industries, driving innovation, and improving efficiency while necessitating ethical considerations for responsible deployment
The Gen AI revolution in product design
Generative AI is pushing the boundaries of innovation by enabling more creative exploration of design possibilities through generating a range of design options and optimizing product designs for factors like weight, strength, and performance