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Lava hopeful of securing funds this fiscal to grow smartphone biz; forays into smartwatch market

In September 2021, Lava International Ltd filed a draft red herring prospectus (DRHP) with markets regulator Sebi to raise about Rs 500 crore through a fresh issue of shares and private placement of about Rs 1,000 crore. However, the company shelved the IPO plans due to tough market conditions.
Sunil Raina Lava International Ltd Manufacturing Services Ap Private Lava International President Sunil President Sunil Raina

Lava to foray into wearables with AI-equipped smartwatch priced under Rs 4,000, ET Telecom

Lava’s smartwatch is expected to be priced at less than Rs 4,000, according to the sources, but they declined to divulge further details. With this foray, the Noida-based firm would find itself pitched against established brands such as Fire-Boltt, Noise, and Boat.
Lava Smartwatch International Data Corporation Lava Smartphones Ava Feature Phones

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