Nikhil Rajpal, CEO, Hero Electronix adds: "We spoke to over 100 companies in the IoT space over the last year and chose to partner with Zenatix as we believe they are uniquely positioned. They are one of the few companies in IoT who have a very strong proprietary solution and have demonstrated scale with over 1,500 deployments across the country. We believe we can meaningfully accelerate their growth by leveraging related solutions in the Hero Electronics ecosystem like AI driven video analytics, voice integrations and multiple product platforms that can be very relevant to their clients"

Zenatix was launched in 2013 by IIT-Delhi alumni, Amarjeet Singh, Rahul Bhalla and Vishal Bansal. According to Rahul Bhalla, CEO, Zenatix: "We started Zenatix with the aim to address a niche problem that was waiting to be discovered. While we use IoT and big data analytics to introduce automation for retail and BFSI customers, through our partnership with Hero Electronix, we aim to expand these solutions to new areas and segments. The Indian IoT market is still at a nascent stage and with Hero Electronix as our partner, we aim to scale up to the next level."

Hero Electronix's past investments include Tessolve, a leading semiconductor; Malaysia's Spectrum Integrated Technologies Sdn Bhd and the test lab business of Singapore's Lynxemi Pte Ltd. In 2015, Hero Electronix acquired MyBox Technologies, one of India's largest multi-operator manufacturer of digital set-top boxes in the country.

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