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Warburg Pincus invests $ 100 million in Indian company BOAT

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Warburg Pincus invests $ 100 million in Indian company BOAT

Headphones and speaker maker boAt (Imagine Marketing Pvt Ltd) announced today that boAt has raised nearly $ 100 million in funding from an affiliate of global private equity firm Warburg Pincus.

Investment by Warburg Pincus BoAt’s efforts to help the company further strengthen its leading market position, enhance its R&D capabilities and product portfolio, and create and support a manufacturing ecosystem under the Make-in-India initiative Will be able to build on. The company said in a statement.

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boAt’s product portfolio includes headphones, earphones, smartwatches, speakers, travel chargers, and premium cables. The company was launched in 2016 by Aman Gupta and Sameer Mehta, and they currently have around 150 employees in Delhi and Mumbai.

Apart from strengthening its position as the No. 1 player in the Indian market, boAt has emerged as the fifth largest wearable brand globally, the company said citing data by IDC.

“We welcome Warburg Pincus as a new investor in the company.

This is a vote of confidence for our business model and growth prospects.

The investment is very good news not only for the company but for the entire D2C sector, ”boAt co-founder Aman Gupta said in a statement.

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European Tremendous League: JPMorgan bankers’ baffling misjudgment

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European Super League: JPMorgan bankers’ baffling misjudgment
F

OR JPMorgan, this spring has been somewhat like the weather conditions.

As considerably as discounts and earnings go, it’s been gloriously sunny. But there is an Arctic chill blowing close to its status.

Very first arrived its involvement, along with Goldman Sachs, in pricing the Deliveroo IPO wildly large. Deliveroo customers and other folks who bought into that turkey are now down 41%.

Then arrived its involvement in underwriting the spectacularly flawed European Tremendous League system.

JPMorgan offered a personal debt package of €3.5 billion to get the clearly show on the street.

Though you can recognize the pull of the dollar signs in charges and related income from the matter, very how an expenditure lender with a enormous London existence can have considered this would be nearly anything but a reputational catastrophe is a mystery.

Would the late, excellent Cazenove (now absorbed into JP) have produced this kind of an error? Undoubtedly not.

Most likely this was a deal led by its bankers on Wall Street, functioning with American football club buyers who basically really don’t have a clue about “soccer” and who didn’t talk to their colleagues on this aspect of the Pond.

Possibly that, or London bankers agreed with the approach, which is completely weird.

Potentially additional troubling for Jamie Dimon, the bank’s CEO, is how the failure appears for his vaunted initiatives to be a force for very good in communities.

The only good the “JPMorgan Cup” did for communities was to unite them in opposition.

Nowadays, the financial institution admitted it experienced created a misjudgment and declared it would study from it.

Will that be ample to sate the anger of Europe’s footie environment? I concern not.

When you want to say sorry after finding items this wrong, it’s like increasing funds for customers in a crisis (some thing JP is really great at): go major, and go early.

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