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Indian Consumer Electronics Maker boAt Raises Funds From Qualcomm's Investment Arm At Rs 2,200 Crore Valuation swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Home-grown audio brand boAt on Friday announced it has received funding from Qualcomm Ventures, the investment arm of chip-maker Qualcomm.The investment, for which the company did not divulge more details, will be utilised to roll out . ....
» boAt secures investment from Qualcomm Ventures – its second fundraising in 2021 after bagging $100 million from Warburg Pincus boAt secures investment from Qualcomm Ventures – its second fundraising in 2021 after bagging $100 million from Warburg Pincus Rounak JainApr 16, 2021, 14:51 IST boAt has secured investment from Qualcomm Ventures.boAt boAt, a homegrown audio accessory company, has announced investment from Qualcomm Ventures for an undisclosed amount. This is boAt’s second fundraising in 2021 – it had raised $100 million earlier this year from Warburg Pincus. Analysts expect boAt’s revenue to double to ₹10 billion in FY21 from ₹5 billion a year before – driven by an increase in order value during the COVID-19 pandemic.boAt, one of the leading audio accessories makers in India, announced that it has received investment from Qualcomm Ventures, which is the venture capital arm of US-based chipmaker Qualcomm. ....
The valuation is the same as in January, when New York-based private equity fund Warburg Pincus picked up a significant minority stake in boAt for $100 million. ....