BoAt raises $60 mn, freezes plan for IPO
Warburg Pincus has participated in this round through one of its affiliates South lake Investment. The company will secure this growth capital in as private placement through preference shares.
Wearables startup boAt on Friday deferred its public share sale plans and raised $60 million ( ₹500 crore) from private investors instead, amid continuing concerns over the volatile stock market.
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