India: CREO secures $3m from Sequoia Capital, Beenext Ventures, others

Motiveprime Consumer Electronics Pvt. Ltd has raised $3 million from venture capital firms Sequoia Capital, Beenext Ventures and India Quotient to manufacture smartphones and its own Android-based operating system under the brand name CREO.

The company was established by the makers of TeeWe, an HDMI dongle device that enables users to stream content to their television sets.

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