Warburg invests $100 mn in boAt2 min read . Updated: 06 Jan 2021, 05:58 AM IST
- The funds will be used by the four-year-old company to boost its research and development capability, expand its product portfolio and gear up for manufacturing in the country
Headphones maker boAt has raised $100 million from private equity firm Warburg Pincus at a valuation of $300 million, a validation of the company’s emergence as a local hero in electronics manufacturing and its growth prospects.
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