Teewe creator CREO (formerly Mango Man) today announced that it has secured $3 million (Rs. 20.4 crores approximately) funding from Sequoia Capital, Beenext Ventures and India Quotient. It said that it will be creating Android-based operating system and a smartphone that will be launched later this year. It launched its second generation Teewe 2 media streaming stick last year.
“Our team is gearing up to make an operating system and a smartphone that constantly evolves to give you new experiences every month; experiences that were never heard of on any smartphone,” said the company.
Sai Srinivas, Co-Founder and CEO, CREO said:
The idea of building an Android based Operating System for a smartphone stemmed from the realisation that in the current market, while hardware is getting better quite fast, there is not enough differentiation on the software front. We want to be the ones bridging that gap.
The intent is to make an operating system and a smart-phone that constantly evolve to give you new experiences every month; experiences that were never heard of on any smart-phone. In the long run, we also plan to license our OS to other OEMs in India and worldwide.