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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.
WEARABLES News: Lava's Prowatch ZN and Prowatch VN models offer a range of features including AMOLED/TFT displays, various sports modes, multiple watch faces, voice a
Customers can buy the ProWatch Zn and ProWatch Vn smartwatch from April 26, 2024 at 12 PM.
Indian handset brands had a 31% share in the Indian market till 2014, after which it fell to just 2% in 2023. Lava intends to turn that around by staying ahead of the competition, particularly Chinese brands, said Sunil Raina
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.