About CREO Tech
CREO Tech is a Consumer company based in Bengaluru (India) founded in 2013, and was acquired by Hike in August 2017. A proprietary Android-based OS and smartphone are being developed. CREO Tech has raised $5.04 million across 3 funding rounds from investors including Hike, Peak XV Partners and India Quotient. The company has 19 employees. CREO Tech was last valued at $7.48 million in January 2015. Its Indian entity Motiveprime Consumer Electronics Private Limited reported revenue of ₹31 Lakh. The company was acqui-hired. Its focus areas include Consumer Goods, Mobiles & Accessories and Mobile Phones. Its competitors include boAt and Micromax Informatics; 2 of its 2 listed competitors have raised funding.
Company details
CREO Tech was founded in 2013 in Bengaluru, India, as a technology company focused on hardware and software innovation. Previously operating as Mango Man Electronics, the HDMI media streaming product Teewe was developed by the firm. Currently, a proprietary operating system built on Android and an accompanying smartphone are under development. Funding of 3 million was secured in a round led by Sequoia India, Beenext, and India Quotient.
- Headquarters Bengaluru, India
- Employees 19
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website creosense.com
- Social LinkedIn X Facebook
- Acquired by Hike (Aug 2017)
- Legal Name Motiveprime Consumer Electronics Private Limited
- Date of Incorporation 04 Aug, 2015
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of CREO Tech
CREO Tech is associated with 2 registered companies on The Company Check; the primary company is Motiveprime Consumer Electronics Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Motiveprime Consumer Electronics Private Limited CIN U32204DL2015FTC329520 | Amalgamated | 04 Aug 2015 | New Delhi, Delhi | ₹0.3 Cr | 19 | 3 | View details |
| Mango Man Consumer Electronics Private Limited CIN U32106TG2013PTC089082 | Strike Off | 23 Jul 2013 | Hyderabad, Telangana | ₹0.0 Cr | 2 | View details |
Funding Insights of CREO Tech
CREO Tech has successfully raised a total of $5.04M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.04M
- Total Rounds 3
- Last Round Series A — $3M
- First Round $242,235
(Dec 2013)
- Investors Count 8
All 3 funding rounds of CREO Tech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2016 | $3M | Series A | – | – | |
| Jan 2015 | $1.8M | Series A | $7.48M | Peak XV Partners | |
| Dec 2013 | $242,235 | Seed | $748,343 | Kavin Mittal Bharti |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2015 | $7.48M | •••••••• |
Last known valuation $7.48M (Jan 2015). 9 investors in total: 5 institutional and 4 angel.
Investors in CREO Tech
CREO Tech has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Hike, Peak XV Partners and India Quotient.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
India focused venture capital firm | 2013 | palaashventures.com | Delhi, India | |
Hike is involved in building innovative digital solutions. | 2012 | hike.in | Delhi, India | |
AC Anand Chandrasekaran | Angel investor, ex-Snapdeal CPO, invests in Indian startups | unknown_217e5476257e4fc19 | ||
KM Kavin Mittal Bharti | unknown_6341feb67c284a5a8 | |||
PK Pavan Kumar Ongole | unknown_884c01cb6d1a4f17b | |||
AS Arun Seth | unknown_1dcf514244e943b59 |
Investor details for CREO Tech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Motiveprime Consumer Electronics Private Limited (CREO Tech)
Motiveprime Consumer Electronics Private Limited is the primary company behind CREO Tech. The boards of the 2 registered companies of CREO Tech currently have 5 directors; the longest-serving is Garimella Sai Srinivas Kiran, appointed in 2013. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Garimella Sai Srinivas Kiran DIN 06618646 | Director | 23 Jul 2013 | 13 yrs 3 mo | Mango Man Consumer Electronics Private Limited |
| Shubham Malhotra DIN 06610582 | Director | 23 Jul 2013 | 13 yrs 3 mo | Mango Man Consumer Electronics Private Limited |
| Kavin Mittal Bharti DIN 03020669 | Director | 02 Feb 2017 | 9 yrs 8 mo | Motiveprime Consumer Electronics Private Limited |
| Hemant Goyal DIN 07486978 | Director | 02 Feb 2017 | 9 yrs 8 mo | Motiveprime Consumer Electronics Private Limited |
| Karan K Chadha DIN 03014778 | Director | 11 Apr 2018 | 8 yrs 6 mo | Motiveprime Consumer Electronics Private Limited |
Financials of CREO Tech
Figures of Motiveprime Consumer Electronics Private Limited, the primary company behind CREO Tech, for FY 2018. Revenue was ₹31 Lakh (-81% year on year). Net loss was -₹22.14 Cr (-7145% margin). EBITDA was -₹21.83 Cr (-7046% margin).
- ₹31 LakhRevenue · FY 2018 · -81% YoY
- -₹22.14 CrNet loss · -7145% margin
- -₹21.83 CrEBITDA · -7046% margin
- ₹36.7 LakhPaid-up capital
- 19Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Motiveprime Consumer Electronics Private Limited are on its company page.
Detailed financial statements for CREO Tech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of CREO Tech
5 dated milestones of CREO Tech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CREO Tech is founded.
- Funding First funding round of $242K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.0M.
- Exit Acquired by Hike.
Competitors of CREO Tech
CREO Tech has 2 listed competitors in our database, 2 of them funded. They include boAt and Micromax Informatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boat-lifestyle.com | 2016 | Gurugram, India | $206M | 501 | Personal audio products, wearables, and mobile accessories are retailed. | |
| micromaxinfo.com | 2000 | Gurugram, India | $149.54M | 80 | Manufacturer of consumer electronics and home appliances |
Detailed competitors of CREO Tech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Creo Tech
Complete news archive for CREO Tech
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about CREO Tech
CREO Tech was founded in 2013.
CREO Tech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
CREO Tech is a funded company, having raised a total of $5.04M across 3 funding rounds to date. The company's 1st funding round was a Seed of $242.24K, raised on Dec 2013.
CREO Tech has 19 employees.
The primary company behind CREO Tech, Motiveprime Consumer Electronics Private Limited, reported revenue of ₹31 Lakh for FY 2018, down 81% year on year.
CREO Tech was founded in 2013 in Bengaluru, India, as a technology company focused on hardware and software innovation. Previously operating as Mango Man Electronics, the HDMI media streaming product Teewe was developed by the firm. Currently, a proprietary operating system built on Android and an accompanying smartphone are under development. Funding of 3 million was secured in a round led by Sequoia India, Beenext, and India Quotient.
CREO Tech's top competitors include boAt and Micromax Informatics.
CREO Tech has 9 investors. Key investors include Hike, Peak XV Partners, India Quotient, Palaash Ventures, and Beenext.
The valuation of CREO Tech is $7.48M as of Jan 2015.
CREO Tech is associated with 2 legal entities: Motiveprime Consumer Electronics Private Limited, Mango Man Consumer Electronics Private Limited.
Yes. CREO Tech was acquired by Hike in August 2017.
The legal entities of CREO Tech currently have 5 directors, including Kavin Mittal Bharti, Karan K Chadha, Hemant Goyal and others.