Bangalore-based home entertainment hardware maker Mango Man has raised $1.75 million in seed funding round from Sequoia Capital and India Quotient Fund.
Mango Man aims to use the newly acquired funding to enhance its current product lineup, develop new hardware scheduled to be launched later this year and expand internationally, as reported by TechCrunch
Speaking about the funds raised, Co-founder and CEO of Mango Man Consumer Electronics, Sai Srinivas Kiran G said, “We are very thrilled with this round of funding from Sequoia Capital and India Quotient Fund, and consider it a validation of our founding principles. Teewe is our first attempt to change the way users experience video streaming, and we will continue this quest with upgrades for Teewe and launch of new products.”
Mango Man is the maker of Teewe – a HDMI media streaming dongle that converts a normal TV to a smart TV, often considered India’s answer to Google Chromecast.
It was founded in 2013 by Sai Srinivas Kiran G and Shubh Malhotra in Bangalore. The company’s current focus in on allowing users to watch content they already have, as opposed to streaming content online, given the current drawbacks of broadband in India.