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Bangalore Based Gecko Successfully Raises $50,000 on Indiegogo

28 points by jayadevan 13y ago

deleted 13y ago
[deleted]
RyanZAG 13y ago
$50,000 sounds incredibly low to get this to market. Surely setting up manufacturing and shipping and sourcing the components is going to eat up more than that? They've already promised nearly all their backers at least one of these things, so it's not like they will get in more revenue from sales until after all of those are made and shipped.
- loceng 13y ago
  Only reason I think it could be possible is that it's in India. $50,000 surely goes a long way there?
  - desigooner 13y ago
    Not as much as you think it does; especially in cities such as Bombay and Bangalore.
  - ssivark 13y ago
    Very roughly, by comparing cost of living it'll be worth about ~$200,000 in India. But keep in mind that the cost of manpower in India is much lower than the US.
- jt2190 13y ago
  From their video on indiegogo: > We have completed pilot production. We have it > working on iOS devices and select Android devices. > We have tested this device for the last six months. > We now need yor support to mass produce > this amazing device. [1] [1] http://www.youtube.com/watch?v=J1aB3FDCLbo&feature=player_detailpage#t=99 http://www.youtube.com/watch?v=J1aB3FDCLbo&feature=player_de... (Video, 1:39)
enscr 13y ago
It's based in India yet charging for shipping outside USA? From the applications it sounds like a US based company that's offloaded some development in B'lore. Is that the case? Some functionality overlaps with similar projects like : http://www.sticknfind.com http://www.sticknfind.com , http://www.wallettrackr.com/ http://www.wallettrackr.com/
- ajays 13y ago
  I think the difference is: Gecko has added an accelerometer. Now they can add gestures, which a suitable app can then use to perform actions.
- ShirsenduK 13y ago
  It's Indian. :) They have been at this for sometime now. Here is an article before they launched their crowdfunding campaign. http://yourstory.in/2013/08/how-a-group-of-experienced-entrepreneurs-connovate-ed-to-build-indias-own-tile-app-gecko/ http://yourstory.in/2013/08/how-a-group-of-experienced-entre... Their shipping charges for non-US address must be because of their supply-chain. Also its quite possible the hardware gets mass produced in China and shipped to US in bulk like any other product.
chch 13y ago
Since there's no actual link in the article as far as I can find, for those who have not yet seen the funding page (such as myself): http://www.indiegogo.com/projects/gecko-make-your-smart-phone-smarter http://www.indiegogo.com/projects/gecko-make-your-smart-phon...

28 points by jayadevan 13y ago

deleted 13y ago

[deleted]

$50,000 sounds incredibly low to get this to market. Surely setting up manufacturing and shipping and sourcing the components is going to eat up more than that? They've already promised nearly all their backers at least one of these things, so it's not like they will get in more revenue from sales until after all of those are made and shipped.

loceng 13y ago
Only reason I think it could be possible is that it's in India. $50,000 surely goes a long way there?
- desigooner 13y ago
  Not as much as you think it does; especially in cities such as Bombay and Bangalore.
- ssivark 13y ago
  Very roughly, by comparing cost of living it'll be worth about ~$200,000 in India. But keep in mind that the cost of manpower in India is much lower than the US.
jt2190 13y ago
From their video on indiegogo: > We have completed pilot production. We have it > working on iOS devices and select Android devices. > We have tested this device for the last six months. > We now need yor support to mass produce > this amazing device. [1] [1] http://www.youtube.com/watch?v=J1aB3FDCLbo&feature=player_detailpage#t=99 http://www.youtube.com/watch?v=J1aB3FDCLbo&feature=player_de... (Video, 1:39)

enscr 13y ago

It's based in India yet charging for shipping outside USA? From the applications it sounds like a US based company that's offloaded some development in B'lore. Is that the case? Some functionality overlaps with similar projects like : http://www.sticknfind.com http://www.sticknfind.com , http://www.wallettrackr.com/ http://www.wallettrackr.com/

ajays 13y ago
I think the difference is: Gecko has added an accelerometer. Now they can add gestures, which a suitable app can then use to perform actions.
ShirsenduK 13y ago
It's Indian. :) They have been at this for sometime now. Here is an article before they launched their crowdfunding campaign. http://yourstory.in/2013/08/how-a-group-of-experienced-entrepreneurs-connovate-ed-to-build-indias-own-tile-app-gecko/ http://yourstory.in/2013/08/how-a-group-of-experienced-entre... Their shipping charges for non-US address must be because of their supply-chain. Also its quite possible the hardware gets mass produced in China and shipped to US in bulk like any other product.

chch 13y ago

Since there's no actual link in the article as far as I can find, for those who have not yet seen the funding page (such as myself): http://www.indiegogo.com/projects/gecko-make-your-smart-phone-smarter http://www.indiegogo.com/projects/gecko-make-your-smart-phon...