Electronics | Pixr8 News

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...

Car Electronics Systems Company Pioneer Bought by Hong-Kong Fund

Japanese electronics firm Pioneer become a wholly owned unit of a Hong Kong-based fund in a deal worth $904 million. Pioneer, known for its audio equipment as well as car electronics systems, said Baring Private Equity Asia has agreed on a 102-billion-yen ($904 million) plan to revive the struggling Tokyo-based company. Baring will make a 77-billion-yen investment in Pioneer, along with a 25-billion-yen offer to buy existing shares from shareholders. "These steps will secure working capital vital for Pioneer's business operations," a joint statement from the two firms said. "Once privatised, a range of significant changes will be made to revitalise Pioneer, including reviews of the company's business lines as well as structural reforms and an overhaul of the management team," i...

81 Crores Cash Transactions From 116,000 Gadgets in 3 Years is Just The Beginning For Reglobe

It was the year 2013 when Nakul Kumar was looking to sell his laptop but unable to find someone to buy it. That’s when the idea of ReGlobe, a re-commerce website for electronics was born. Nakul joined hands with Mandeep Manocha to startup in Gurgaon. A huge amount of waste is being dumped in an open area on the outskirts of Delhi and electronic waste can be reduced. “We realized that it was not the correct way of getting rid of any kind of waste ‘manually’ and it was certainly not helping the environment to get any better,” says co-founder Mandeep. ReGlobe offers an end to end service wherein the customer can sell old gadgets hassle-free. Privacy, instant cash, free home pickup & an instant price quotes are just some of the things that drive the users towards ReGlobe without havi...