Warburg Pincus, Malabar commit $60m to India wearables brand
Warburg Pincus and Malabar Investments have injected USD 60m into boAT, an India-based manufacturer of wearables and other electronic devices that was previously on track for an IPO.
The company said it raised the capital through a private placement of preferred shares. The proceeds will be used for product line expansion – specifically in the smart watch category – as well as...
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