boAt raises $100 million funding from Warburg Pincus

Date posted: Thursday 7 January 2021

Homegrown headphones and speakers maker boAt (Imagine Marketing Private Limited) announced that it has raised approximately $100 million funding from an affiliate of Warburg Pincus, a global private equity firm. “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 support a manufacturing ecosystem under the Make-in-India initiative, enabling the manufacture of products in India,” the company said in a statement.

(Indian Express)