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Wearables Market: The overall ASP declined by 20.4% from $27.2 (~Rs 2,200) to $21.7 (~Rs 1,800). On account of heavy discounting and offers across channels, the smartwatch ASP slid 35.5% year-over-year to $26.7 in Q3 2023, according to IDC. The ASP for TWS stood at $19.5 with a decline of 17.1% year-over-year.
According to a valuation report commissioned by Noise prior to the fundraise, the company was valued at around $300 million, as per the regulatory filings sourced from RoC.
According to a valuation report commissioned by Noise prior to the fundraise, the company was valued at around $300 million, as per the regulatory filings sourced from RoC.
Noise has issued 2,400 compulsorily convertible preference shares (CCPS) of Series A class for a total consideration of Rs 82.99 crore, or around $10 million.
In what could potentially strengthen homegrown audio accessories and wearables brand Noises foothold in a tightly contested segment, the company has closed its first ever fundraise from global audio devices maker Bose. This and more in todays ETtech Top 5.