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Warburg Pincus invests USD 100 million in boAt Consumer tech products brand boAt on Wednesday said it has raised USD 100 million (about Rs 731.6 crore) in funding from an affiliate of Warburg Pincus, a global private equity firm. While boAt did not disclose the valuation at which the funds were raised, it said the fresh capital will enable it to further fortify its leading market position and widen its Research and development (R&D) capabilities and product portfolio. The funding will also help build on boAt's efforts to create and support a manufacturing ecosystem under the Make-in-India in...

Technuter boAt (Imagine Marketing Private Limited) has raised approximately $100 million from an affiliate of Warburg Pincus, a leading global private equity fund focused on growth investing. This investment is a landmark deal for the direct-to-consumer (D2C) industry in India as it endorses the sector’s coming of age with consumers trusting and gravitating towards brands launched online.  The investment by Warburg Pincus will enable the company to further fortify its leading market position, widen its R&D capabilities and product portfolio, and build on boAt’s efforts to create and supp...

Warburg Pincus invests USD 100 mn in boAt Warburg Pincus invests USD 100 mn in boAt New Delhi, Jan 6: Consumer tech products brand boAt on Wednesday said it has raised USD 100 million (about Rs 731.6 crore) in funding from an affiliate of Warburg Pincus, a global private equity firm. While boAt did not disclose the valuation at which the funds were raised, it said the fresh capital will enable it to further fortify its leading market position and widen its Research and development (R&D) capabilities and product portfolio. The funding will also help build on boAt’s efforts to create and sup...

UPL's Global CEO Jai Shroff said that the company's business is strong, safe and has got great potential to grow, he added that it is a 2016-17 matter and has been appropriately dealt with by the board.