TiE | Pixr8 News

HUG Innovations, a technology startup has raised USD 5 million in series A Funding at the Live Instant Funding organised at the second edition of The Indus Entrepreneurs (TiE)- The Guardian Angel here. "Out of the four startups which pitched their idea to pin-up investors HUG Innovations succeeded in raising USD 5 million (Rs 33 crore) series A Funding," a release said today. HUG Innovations founded by Raj Neravati is a technology startup developing gadgets for fitness lovers works on gesture recognition mechanism. The other startups which pitched their ideas were GoLive Gaming, Voltus Wave and Cargo Exchange, it said. "The 2nd edition of The Guardian Angel brought in 125 applicants. We are confident these successful startups will create new benchmarks in the ecosystem and driv...

In 2012, Dhruv Kumar shifted the base of his online medical advice platform, iCliniq, to Coimbatore after operating it out of Bengaluru for two years. The reason: He didn't want to be overwhelmed or distracted by the hoopla around startups in the tech capital. "I wanted to be out of all the noise and focus on building a quality product," he said during a recent interview. "There are events all the time and the place is flooded with funding stories. Those days, we thought we were a tech startup and did not focus enough on the health and business side." Several young entrepreneurs like Kumar, who started up in Bengaluru are shifting to Coimbatore. Do-PartTime, a part-time job discovery portal, is another example and one of the reasons for the shift was talent retention. "Every comp...

Tag: TiE

Technology Startup HUG Innovations Raises $5 Million Funding

Coimbatore is next the startup hub after Bengaluru