boat raises funds from Qualcomm Ventures to power ‘Make in India’ plans

Popular audio brand and smart accessories maker boat has received funding from Qualcomm Ventures, the investment arm of Qualcomm Incorporated. The investment will support the brand’s journey to roll out the next-generation audio and lifestyle products across geographies. “Qualcomm is a world leader in wireless technologies and we have a shared vision of building world-class products for India and the world. as boat enters the next phase of growth and innovation, we look forward to building a relationship with Qualcomm to deepen our R&D capabilities and further augment our efforts to manufacture products in India,” said Sameer mehta, Co-founder, boat. Rajen Vagadia, Vice President and President, Qualcomm India, said, “Qualcomm Ventures’ investment in boat is one of the many steps we are taking to reinforce India’s twin missions of atmanirbhar Bharat and make-in-indiafor-the world, by enabling cutting edge technology innovation and R&D in India. boat is a recognized brand and a leader in audio, wearable, and consumer lifestyle products. as a technology enabler and an investor with a long-standing presence in India, we look forward to being part of boat’s growth and powering its vision of delivering world-class products to consumers, not just for India but for supporting their vision of global expansion.”