Hotline: 1800 102 2007
Search Business Opportunities
Feb, 28 2018

Amazon Acquires video enabled doorbell startup 'Ring'

The deal is predicted to be valued at more than a billion dollars, however the company did not disclose financial terms of the acquisition.

Amazon has purchased video doorbell startup Ring, an attempt of delivery arm to gain more access into people's homes.

The deal is predicted to be valued at more than a billion dollars, however, the company did not disclose financial terms of the acquisition.

An Amazon spokesperson said, "We're excited to work with this talented team and help them in their mission to keep homes safe and secure.

California-based Ring first grabbed the spotlight with a failed quest for funding about five years ago on reality television show Shark Tank.

Lately Ring received backing from the likes of billionaire Richard Branson and Amazon's Alexa Fund.

In a statement, Ring said, "Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our neighbors that make a positive impact on our homes, communities and the world. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods."

Ring home security products include internet-linked video doorbells that can connect to smartphones to show people who is at their doorstep and allow them to chat.

Amazon late last year unveiled a smart lock and camera combination in a move into home security.

"Amazon Key" is available exclusively to members of the internet giant's Prime subscription service in an array of US cities.

Key is designed to provide a secure and trackable way for packages to be delivered inside homes when people aren't there.

Each Key kit includes an Amazon Cloud Cam synched to the internet and a smart door lock.

Prime members with the service can use a smartphone application to track packages and then watch deliveries happening or review video of in-home drop-offs.

Key allows someone making a delivery to request access to the recipient's home, with Amazon checking to make sure the proper driver is at the right location at the intended time before unlocking doors, according to a description of the service.

A Cloud Cam providing a view of the inside entryway spurs into action when doors are unlocked, recording a delivery. Delivery people are not given access codes, as unlocking doors is done online.

The move into home security opened a new competitive front with Google's parent company Alphabet, owner of Nest Labs, which recently expanded its line of products aimed at that market.

Related opportunities
  • Fitness Equipment Stores
    About Us: Aptitud gym is a pioneer in wellness preparing and..
    Locations looking for expansion Ahmedabad
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater vadodara Ahmedabad
  • Chocolate Stores
    About Us: It was established in 2007 in India and originates..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Video Game Centres
    About Us: VRUnreal was established in 2017, offering the first-fully equipped..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • After School Activities
    Started in 2009, SportyBeans is India’s most reputed non-competitive multi-sport..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1200-1500 sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Maharashtra
Insta-Subscribe to
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities