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2015-03-26

Mango Man\'s brand Teewe raises $1.75 million from Sequoia, India Quotient Fund

The company received angel investments from Kavin Bharti Mittal, Pawan Ongole, Arun Seth and Palaash Ventures.

Mango Man Consumer Electronics, makers of Teewe - a HDMI media streaming dongle that converts a normal TV to a smart TV - today announced that it has raised $1.75 million in seed fund from Sequoia Capital and India Quotient Fund. The funding will be utilized for product enhancement, new product development, scaling production and distribution, as well as for international expansion of the company's flagship product - Teewe.

Mango Man Consumer Electronics is set to re-imagine the home entertainment experience by offering connected entertainment products,the first of which is the Teewe - a HDMI dongle that plugs into a television, allowing users to stream HD quality content off their devices including desktops, laptops, mobile devices and tablets. The accompanying software is compatible across platforms such as Android, iOS, Windows, Mac OS, Linux and Chrome.

Mango Man Consumer Electronics was founded in 2013 by Sai SrinivasKiran G and Shubh Malhotra and currently has a team of 22 comprising of engineers, designers and hackers. The company received angel investments from Kavin Bharti Mittal, Pawan Ongole, Arun Seth and Palaash Ventures.

Speaking about the fundraise, 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 that will revolutionize home entertainment."

"We are delighted to back Teewe to build the next generation of smart hardware, made intelligent with integrated software services. Their first product allows users to watch personal videos and online videos on televisions seamlessly, and the usage data on Teewe is very exciting. There is an exciting pipeline of innovative new products that the company is building" said Shailendra Singh - Managing Director, Sequoia Capital India Advisors.

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