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Ridaex: Attracting a Legion of Angel Investors with Tyke

Ridaex

“Trust is an essential part of the television manufacturing industry because every customer wants to boast about their purchase." There’s a market gap of 150 million units right here in India. says the CEO of Ridaex, Naveen Srinivas.

Ridaex, A Bengaluru based technology company, has been around the corner since 2017 by researching and developing the next generation of Televisions. Featuring the tagline "Revolutionising the Smart TV to Future TV," it's primed to make waves in the industry.

The news has been all over startups' social media channels since a few days and attracting previous customers, advisors, and the native TYKEINVESTs family of angels. Ridaex and Tyke collaborated a few months ago to host a Pre-Seed round under the Community Subscription Offer Plan (CSOP).

From the Ridaex press release: "The brand doesn't just want to raise the funds but also wants to develop a community of investors that could function as voice of this Indian brand." Also offers raising to 20% stock discounted rates in the next equity valuation, for its early stage investors.

Ridaex's pitch book presents a average gross profit of 30% while partially manufacturing and assembling in India, and the numbers will be much higher if natively manufactured here in India.

while the other major international players are stuck with limited features and huge service recalls. Ridaex, in an open book, takes a leap in technology and reduces product maintenance.

Some of the major functionalities featuring Upgradable Multi OS and flagship configuration payloads, a range of mainframes display panels from QLED to OLED, Failsafe architecture, Intelligent multi device remote controls and plenty of varying physical ports for hooking up both older and newer gadgets.

“Television is not a personal device for a person, Its a personal device for entire family.” As well as acting as commercial display running 24/7, televisions need a lot of attention in terms of features and quality. That’s when I started following Elon Musk's “First Principles Thinking,” says Mr. CEO.

 FUTURE TVs ” stands for "Friendly Usable, Timely Upgradable, and Reverse Engineered Televisions." Ridaex holds the experience to reach the basic principles of televisions and rebuild in a way that fits every situation where a large display with the power of computing is required.

Is the power of computing really required in televisions?

With the dimensional shift in the technology and android eco system, the applications need more resources and faster connectivity features just like 29 MB Netflix in 2019 to 140 MB in 2022. Enabling active communications such as video conferencing, augmented reality shopping, and interactive displays that we see in shopping malls also requires efficient hardware and software in commercial applications.

Undoubtedly, Ridaex seems to be taking a huge step. But the startups become large organisations not only with ideas but also with executions.