Bose signs Series A cheque for smart wearables brand Noise
Homegrown consumer electronics brand Noise, which primarily sells smartwatches and audio devices, said Monday it has raised Series A funding from global audio and electronics giant Bose Corp. Noise said other investors are likely to join the funding round soon. It didn’t disclose the amount Bose invested. Founded in 2014 by Gaurav Khatri ......
Wearables brand Noise sees 2x growth in FY23
Gadget and wearables brand Noise, which has remained bootstrapped so far, has more than doubled its revenue in the last financial year, a top company executive told VCCircle in an interview. “Our revenue grew more than 100% year-on-year to Rs 2,000 crore in the financial year ended 31 March 2023,” said ......
Grapevine: Reliance, Disney ink term sheet for media merger; SoftBank cuts FirstCry stake
Reliance Industries Ltd and Walt Disney Co have signed a non-binding term sheet to merge their India media and entertainment operations, a media report said. Billionaire Mukesh Ambani-led Reliance aims to complete the merger process by the end of January, subject to regulatory approvals, The Economic Times reported, citing people aware ......
Deals Digest: Momentum slows as year comes to an end, small deals take front seat again
Funding activity moderated in the second last week of the year on a high base as capital raised by private equity and venture capital-backed players more than halved this week. This week saw the return of small-ticket deals, riding much of the deal momentum, with only one transaction valued over $100 ......
Ex-Twitter honcho joins Noise to drive growth expansion
Consumer electronics brand Noise on Wednesday said it has roped in former Twitter executive Shalabh Gupta as its Chief Growth Officer (CGO). In his new role, Gupta will lead growth strategies to drive the brand’s expansion. He will also work in pushing for next phase growth with his strategic and tactical ......
How to read the warning signs of governance risks in a startup
Three years ago, Inflection Point Ventures (IPV), an angel investing platform that now runs a VC fund, intended to back a direct-to-consumer (D2C) company. The market for D2C businesses was red hot despite the Covid-19 pandemic as venture investors were falling over each other to sign cheques amidst a chronic ......
Titan eyes majority stake in consumer electronics brand Noise
Titan Company Ltd, the Tata Group’s watch and jewellery retailing arm, is in an advanced stage of discussion to pick up a majority stake in lifestyle gadget brand Noise, at least two individuals familiar with the development told VCCircle. The transaction could be valuing the target homegrown consumer electronics company between ......
CoinDCX CEO Sumit Gupta on tax jolt in India, UAE plans and EBITDA aim
Amid regulatory uncertainty around virtual digital assets in India, crypto-exchange platform CoinDCX recently invested in Dubai-based crypto exchange BitOasis. However, CoinDCX wants to keep India as its base and build products for the world, its co-founder and CEO Sumit Gupta told VCCircle in an interview. Gupta said that while CoinDCX’s EBITDA ......
A91 Partners in talks to bet on consumer electronics firm
Growth-stage investor A91 Partners is in discussions to pick up a minority stake in a consumer electronics company in what could be its debut transaction in the segment, two people aware of the development told VCCircle. The venture capital firm, floated by former Sequoia Capital executives VT Bharadwaj, Gautam Mago and ......
Deep tech needs some ‘aha’ moments: Endiya Partners’ Sateesh Andra
Early-stage venture capital firm Endiya Partners is currently deploying its second fund, which hit the final close in January 2021 with Rs 500 crore ($75 million) in commitments. The Hyderabad-based firm has made over 30 investments so far, backing startups such as Darwinbox, Kissht, Cult.fit and Cell Propulsion. It invests mostly ......
