Friday, November 22

Tag: boAt

BoAt raises $100 million in funding from Warburg Pincus
6Jan By AdityaNo Comments
FUNDING

BoAt raises $100 million in funding from Warburg Pincus

New Delhi, Jan 6, 2020: Indian based famous electronic gadgets brand boAt has raised $100 million (about Rs 731.6 crore) in funding from an affiliate of Warburg Pincus, a global private equity firm. While boAt did not disclose the valuation at which the funds were raised, it said the fresh capital will enable it to further fortify its leading market position and widen its Research and development (R&D) capabilities and product portfolio. The funding will also help build on boAt's efforts to create and support a manufacturing ecosystem under the Make-in-India initiative, a statement said. The product portfolio of boAt includes headphones, earphones, smartwatches, speakers, travel chargers and premium cables. Launched in 2016, boAt currently has approximately 150 employees on...
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Consumer Electronics Startup Raises Rs 6 Crore Seed Funding
4May By Sheldan RungasamyNo Comments
FUNDING

Consumer Electronics Startup Raises Rs 6 Crore Seed Funding

boAt, a lifestyle brand that delivers consumer technology products raised its seed funding of Rs 6 crore from Fireside Ventures, an early-stage consumer brand-focused investment firm. boAt specializes in providing consumer electronics goods with a touch of fashion. It primarily provides products such as earphones, headphones, speakers, travel charge and premium rugged cables. It aims at providing electronic products that are widely used in the everyday lives of 21st century citizens that can be used as a fashion accessory. The company relied primarily on capital poured by its founders since inception two years ago. The funds raised from Fireside Ventures will serve the purpose of marketing the brand, developing products and widening its distribution across more tech product categ...
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