Friday, 24 March, 2023

Warburg and Malabar Investments Secure $60M Investment in Boat

<p>BoAt&#39;s parent company, Imagine Marketing, said on October 28 that it had received Rs 500 Cr&nbsp;from its current stakeholder South Lake Investment, a Warburg Pincus subsidiary, and a new investor Malabar Investments. The additional funds will be used to expand the smartwatch product portfolio, build R&amp;D and design capabilities, scale the business across channels and locations, including outside of India, and support local production ambitions.</p>