About Hug Innovations
Hug Innovations is a company based in Cupertino (United States) founded in 2014 was acquired by Titan Company in December 2019.. Hug Innovations has raised $5 million across 1 funding round from investors including Titan Company, NRI Startup India and Kishore Ganji. Hug Innovations operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Cupertino, United States
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hug Innovations Llp
- Date of Incorporation 15 Jul, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Jun 26, 2017
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Investors
Titan Company
& 4 more
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Employee Count
Employee Count
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Acquired by
Titan Company
(Dec 01, 2019)
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Funding Insights of Hug Innovations
Hug Innovations has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in June 2017. 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 Total Funding
- Total Rounds 1
- Last Round Series A — $5.0M
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First Round
First Round
(26 Jun 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series A - Hug Innovations | Valuation | NRI Startup India |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hug Innovations
Hug Innovations has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Titan Company, NRI Startup India and Kishore Ganji. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location | |
|
KG
Kishore Ganji |
Angel investor, entrepreneur, focused on tech startups, based in India and US.
|
Founded Year | Domain | Location |
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VV
Venkat Vallabhaneni |
Angel investor and entrepreneur, founder of Zaggle, fintech innovator
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hug Innovations
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hug Innovations
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hug Innovations Comparisons
Competitors of Hug Innovations
Hug Innovations operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Wearable devices such as smartwatches and fitness trackers are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hug Innovations
Frequently Asked Questions about Hug Innovations
When was Hug Innovations founded?
Hug Innovations was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Hug Innovations located?
Hug Innovations is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
Is Hug Innovations a funded company?
Hug Innovations is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jun 26, 2017.
What does Hug Innovations do?
Provider of gesture control enabled smartwatch. It offers hug smartwatch, which is gesture enabled smartwatch with different gestures meaning different actions. The watch to receive calls, messages, navigation, controlling music players, interacting with smart devices using gestures. Other offerings include bands like My Buddy child location tracking, HUG Elan multisport fitness tracker, and HUG Fit personal fitness tracker. It also provides its solutions in the field of smart hospitals, manufacturing, utilities, theme parks, hospitality management, agriculture, and transport and logistics. Its Gesture enabled IoT platform will provide SDK for developer languages like Java, .NET, iOS, and Android by enabling developers to build applications.
Who are the top competitors of Hug Innovations?
Who are Hug Innovations's investors?
Hug Innovations has 5 investors. Key investors include Titan Company, NRI Startup India, Kishore Ganji, Venkat Vallabhaneni, and Rajeev Menon.