Lava International to raise Rs 500-600 cr in next fiscal via IPO or private equity, ET Telecom

Lava International: The executive who got elevated to managing director in November 2023 said the company will require additional funds in the next two years to expand its marketing efforts in a bid to capture around 25-30% share in the sub-Rs 30,000 smartphone segment, which Raina said is "a fair share for an Indian brand".

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