Homegrown consumer electronics brand Noise, which primarily sells smartwatches and audio devices, said Monday it has raised Series A funding from global audio and electronics ..
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.
The company did not disclose the investment figures or the percentage of stake acquired by Bose, citing a non-disclosure agreement. “They have acquired a minority stake in Noise,” Khatri said, adding that the company is looking to add more investors going forward.
Strategic funding generally means the incoming investor will help a business grow over time, take its products to newer geographies and also help in product innovation