Hug Innovations Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 23

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $2.24M

Hug Innovations General Information

Description

Manufacturer of gesture control smartwatch intended to bridge the gap between humans and technology through wearable technology products. The company's smartwatch is designed with a display of pixel transflective LCD along with a water-resistant strap, enabling users to take control of an electronic world with hand gestures.

Contact Information

Website
www.huginnovations.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • Flat Number 405, Plot Number 26/28
  • 30 Padmarekha Appartment, Rajeevnagar NA
  • Hyderabad, Telangana 500045
  • India
Primary Industry
Electronics (B2C)
Acquirer
Titan Company
Vertical(s)
Manufacturing, Wearables & Quantified Self, TMT
Corporate Office
  • Flat Number 405, Plot Number 26/28
  • 30 Padmarekha Appartment, Rajeevnagar NA
  • Hyderabad, Telangana 500045
  • India

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Hug Innovations Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 11-Feb-2020 $2.24M Completed Generating Revenue
6. Early Stage VC (Series A) 26-Jun-2017 Completed Generating Revenue
5. Accelerator/Incubator 16-Jun-2017 Completed Generating Revenue
4. Accelerator/Incubator 25-Apr-2017 Completed Generating Revenue
3. Grant 19-Mar-2017 Completed Generating Revenue
2. Accelerator/Incubator $1.4M Completed Generating Revenue
1. Capitalization $1.4M $1.4M Completed Generating Revenue
To view Hug Innovations’s complete valuation and funding history, request access »

Hug Innovations Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of gesture control smartwatch intended to bridge the gap between humans and technology through wearable tec
Electronics (B2C)
Hyderabad, India
23 As of 2020

Gurgaon, India
 
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Hug Innovations Competitors (1)

One of Hug Innovations’s competitors is Noise, a Venture Capital-Backed company based in Gurgaon, India.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Noise Venture Capital-Backed Gurgaon, India
You’re viewing 1 of 1 competitors. Get the full list »

Hug Innovations Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Hug Innovations Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
DE-29901437-U1 All-round skater for street and ice rink use Inactive 28-Jan-1999

Hug Innovations Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Hug Innovations Former Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Brand Capital International Corporate Venture Capital Minority
China(Shenzhen)Innovation & Entrepreneurship International Competition Corporation
Angel (individual) Minority
NRI Startup India Accelerator/Incubator Minority
Qualcomm Design In India Challenge Accelerator/Incubator Minority
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Hug Innovations FAQs

  • When was Hug Innovations founded?

    Hug Innovations was founded in 2014.

  • Where is Hug Innovations headquartered?

    Hug Innovations is headquartered in Hyderabad, India.

  • What is the size of Hug Innovations?

    Hug Innovations has 23 total employees.

  • What industry is Hug Innovations in?

    Hug Innovations’s primary industry is Electronics (B2C).

  • Is Hug Innovations a private or public company?

    Hug Innovations is a Private company.

  • What is the current valuation of Hug Innovations?

    The current valuation of Hug Innovations is .

  • What is Hug Innovations’s current revenue?

    The current revenue for Hug Innovations is .

  • How much funding has Hug Innovations raised over time?

    Hug Innovations has raised $6.5M.

  • Who are Hug Innovations’s investors?

    Brand Capital International, China(Shenzhen)Innovation & Entrepreneurship International Competition, , NRI Startup India, and Qualcomm Design In India Challenge are 5 of 7 investors who have invested in Hug Innovations.

  • Who are Hug Innovations’s competitors?

    Noise is a competitor of Hug Innovations.

  • When was Hug Innovations acquired?

    Hug Innovations was acquired on 11-Feb-2020.

  • Who acquired Hug Innovations?

    Hug Innovations was acquired by Titan Company.

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