Imagine Marketing, the parent company of wearables brand boAt, on Friday said it has raised Rs 500 crore from existing shareholder, a Warburg Pincus affiliate, and new investor Malabar Investments. "The company is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity fund and new investor Malabar Investments," the statement said. …
The company will use the investment to widen its R&D capabilities and build and support a manufacturing ecosystem under the Make in India initiative. New York-based private equity fund Warburg Pincus has invested approximately $100 million in homegrown headphones and speakers brand boAt, the company said in a blog post. The company will use the investment to fortify its market …
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