boAt raises $100 Mn from Warburg Pincus
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Consumer electronics startup boAt has raised $100 million from New York-based private equity fund Warburg Pincus. According to boAt, the company will use the fresh proceeds to invest in R&D and to set up local manufacturing besides ramping up its global supply chain. Last month, boAt had kicked off its Series B round with Rs 440 crore investment from Cayman Islands-based South Lake Investment Limited.