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Smart Wearables Market
Global audio giant Bose Corporation has invested USD 20 million (about Rs 173 crore) in Noise, an Indian smart wearables brand. This funding follows Bose's initial investment in Noise's maiden funding in December 2023, wherein Noise reportedly raised USD 10 million at a valuation of USD 420 million from the American brand. Noise Co-Founder Amit Khatri took to LinkedIn to share the news in a post titled "A New Chapter Begins for Noise". "Thrilled to share that Bose has reinvested USD 20 million in Noise. Last year, we welcomed Bose Corporation as a strategic investor -- and their belief in our vision helped us push the boundaries in wearables and audio innovation. "This isn't just about funding -- it's about building value, scale, and experiences that truly resonate with the next generation of consumers. We're incredibly grateful for Bose's continued trust -- and even more excited about what we're building next," Khatri wrote. Noise's valuation post this round was not made clear.
Bootstrapped start-up Indkal expects over three-fold growth in revenue this fiscal to Rs 1,150 crore, driven by its foray into the smart wearables segment with its brand Wobble, a senior company official said. Electronics hardware design firm Indkal Technologies Founder and CEO Anand Dubey told PTI that the company became profitable in just 18 months of operations and clocked a turnover of about Rs 330 crore in the last financial year. "We stick very closely to the basics of business, which is to maintain high quality and then not be dilutive on price points to gain market share. This year, we're expecting to reach about Rs 1,150 crore in turnover," Dubey said. The company designs consumer electronic goods for companies like Acer and Black & Decker and gets them manufactured from electronic manufacturing services companies. IndKal plans to launch its own smart wearables brand Wobble around Diwali, from which the company expects a revenue of Rs 250-300 crore in the current ...