boAt raises Rs 500 cr from Warburg Pincus affiliate, Malabar Investments

Imagine Marketing, the parent company of wearables brand boAt, on Friday said it has raised Rs 500 crore from existing shareholder, a Warburg Pincus affiliate, and new investor Malabar Investments. The company has withdrawn its listing plans for now, and is likely to reconsider IPO plans in the next 12-18 months, a source privy to the development said. https://ift.tt/aT4q3pc