About Hug Innovations
Hug Innovations is a Healthcare company based in Cupertino (United States) founded in 2014, and was acquired by Titan Company in December 2019. Gesture-enabled smartwatches and IoT platforms are provided. It operates in the Healthcare and Technology sectors. Hug Innovations has raised $5 million across 1 funding round from investors including Titan Company, NRI Startup India and Kishore Ganji. The company was acqui-hired. Its focus areas include HealthTech, Fitness & Wellness Tech, Physical Fitness and Tracking and Monitoring. Its legal entity in India is Hug Innovations Llp (AAE-3857). Its competitors include Fitbit, Whoop and iHealth Labs; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Cupertino, United States
- Stage Acquired
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website huginnovations.com
- Social LinkedIn X
- Acquired by Titan Company (Dec 2019)
- Legal Name Hug Innovations Llp
- Date of Incorporation 15 Jul, 2015
- Jurisdiction Hyderabad, Telangana, India
- Total Equity Funding$5M (USD)
in 1 rounds
- Latest Funding Round$5M (USD), Series A
Jun 2017
- InvestorsTitan Company
& 4 more
- Acquired byTitan Company
(Dec 2019)
Associated legal entities of Hug Innovations
Hug Innovations operates through Hug Innovations Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hug Innovations Llp CIN AAE-3857 | Active | 15 Jul 2015 | Hyderabad, Telangana | 2 | View details |
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 $5M
- Total Rounds 1
- Last Round Series A — $5M
- First Round $5M
(Jun 2017)
- Investors Count 4
All 1 funding rounds of Hug Innovations 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 |
|---|---|---|---|---|---|
| Jun 2017 | $5M | Series A | – | NRI Startup India |
5 investors in total: 2 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2016 | nristartupindia.com | Ahmedabad, India | |
KG Kishore Ganji | Angel investor, entrepreneur, focused on tech startups, based in India and US. | unknown_7395cdede14447658 | ||
VV Venkat Vallabhaneni | Angel investor and entrepreneur, founder of Zaggle, fintech innovator | unknown_0945daa2899948629 | ||
RM Rajeev Menon | Angel investor, ex-Amazon, focused on early-stage Indian startups | unknown_7289d31a1fd841cfa | ||
Watches are manufactured and distributed by Titan Company in India. | 1984 | titancompany.in | Hosur, India |
Investor details for Hug Innovations
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Hug Innovations Llp (Hug Innovations)
Hug Innovations Llp is the primary company behind Hug Innovations. The board of Hug Innovations Llp currently have 2 directors; the longest-serving is Raja Sekhar Neravati, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raja Sekhar Neravati DIN 07003586 | Designated Partner | 15 Jul 2015 | 11 yrs 3 mo | Hug Innovations Llp |
| Deepa Neravati DIN 07003590 | Designated Partner | 16 Jul 2018 | 8 yrs 3 mo | Hug Innovations Llp |
Timeline of Hug Innovations
3 dated milestones of Hug Innovations across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Hug Innovations is founded.
- Funding First funding round of $5.0M.
- Exit Acquired by Titan Company.
Competitors of Hug Innovations
Hug Innovations has 3 listed competitors in our database, 3 of them funded. They include Fitbit, Whoop and iHealth Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fitbit.com | 2007 | San Francisco, United States | $65.05M | 1,134 | Smartwatches and fitness trackers are provided for activity monitoring. | |
| whoop.com | 2012 | Boston, United States | $979.39M | 453 | Provider of a smart wearable device for physical activities monitoring | |
| ihealthlabs.com | 2010 | Mountain View, United States | $25M | 104 | Personal healthcare devices for vital monitoring are designed and produced. |
Detailed competitors of Hug Innovations
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- Full competitor set
- Operating metrics
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Top companies in Fitness & Wellness Platforms
3 companies that operate in the same segment as Hug Innovations (Fitness & Wellness Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 550 M | 969 | ||
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 180 M | 999 |
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Related news about Hug Innovations
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Frequently Asked Questions about Hug Innovations
Hug Innovations was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Hug Innovations is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
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 2017.
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.
Hug Innovations's top competitors include Fitbit, Whoop and iHealth Labs.
Hug Innovations has 5 investors. Key investors include Titan Company, NRI Startup India, Kishore Ganji, Venkat Vallabhaneni, and Rajeev Menon.
Hug Innovations operates through Hug Innovations Llp.
Yes. Hug Innovations was acquired by Titan Company in December 2019.
The legal entities of Hug Innovations currently have 2 directors, including Raja Sekhar Neravati, Deepa Neravati.