Founded by Raja Shekhar Neravati in 2014, Hyderabad-based Hug Innovations offers an IoT wearable Hug Smartwatch that employs gesture control for various activities like playing music and so forth. The smartwatch tracks users’ food intake, water intake along with different activities performed throughout the day. Its nutrition dashboard gives the total calories burnt for the day.
The startup has the potential to disrupt the space, provided it continues to innovate. With Titan having invested $5 Mn in wearable IoT firm CoveIoT, the corporate eye is already on these wearable IoT startups. In June 2017, Hug Innovations had raised $5 Mn in Series A fundinground during a live instant funding event organised by TiE Hyderabad – The Guardian Angel.