M-tech mobile, a manufacturer of affordable mobile phones, today said it aims to garner revenues to the tune of Rs 100 crore in the next two years from its new mobile accessories brand, Nexez.
Designed in Japan, Nexez will introduce products across 10 categories in the current financial year, including headphones, earphones, bluetooth speakers, power banks, USB cables and chargers, the company said in a statement.
The Indian mobile phone accessories market is expected to clock a CAGR of 10.5 per cent till 2024 amd reach USD 3.54 billion, up from USD 1.42 billion in 2016, as per reports.
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* Tessol raises follow-on funding from 1Crowd, Infuse Ventures and Ankur Capital *