Photo: The Financial Express
Indian Brand 'Boat' To Raise Rs 2,000 Crore Through IPO
Audio Electronic Brand 'Boat', will file a draft red herring prospectus for raising Rs 2,000 crore IPO, this week. As per reports, the company is eyeing a valuation of $1.5-2 billion ahead of the IPO launch. Warburg Pincus, the single largest shareholder in Boat with around 36% stake, will offload shares worth Rs 700-800 crore in the IPO. Notably, the company is expected to double its revenue by March 2022.
Tags: India, electronic brand, boat, IPO, Warburg Pincus
Courtesy: The Economic Times
Photo: Next Big Brand
Music Accessories Firm boAt Receives $100 Mn From Warburg Pincus
Delhi-based music accessories maker boAt has received $100 million funding from an American firm Warburg Pincus. The audio devices company plans to invest the newly collected money into the expansion of its research and production abilities, localise its production and broaden the brand portfolio. Founded in 2016, boAt began with the sale of smartphone cables and chargers. boAt co-founder termed the investment as great news to the entire… read-more
Tags: boat, New Delhi, New York, Warburg Pincus, Music
Courtesy: Bloomberg Quint
