Sunday, November 28, 2021
Home Business Karan Johar, Yuvraj Singh, Sabyasachi Mukherjee and Others Invest in Carl Pei's...

Karan Johar, Yuvraj Singh, Sabyasachi Mukherjee and Others Invest in Carl Pei’s Nothing

Nothing, the popular consumer technology brand on Tuesday said film producer and director Karan Johar, cricketer Yuvraj Singh and others had joined as investors as a part of its $50 million funding round announced last month. In October, Nothing had completed a series-A extension of $50 million from strategic and private investors. It had not disclosed the name of the investors at that time. Fashion designer Sabyasachi Mukherjee had also joined as investors, the company said.

Digital content creator and entrepreneur Ranveer Allabadia and Bollywood and independent music composer and singer Jasleen Royal had also come on board as backers of Nothing’s vision, it added.

“The market is overdue for a new player to bring passion back to the field of consumer tech; one that celebrates artistry and hopes to organise our digital life in one connected space. We are excited that our new strategic and private investors from India feel the same and believe in our vision and mission,” Nothing India Vice-President and General Manager Manu Sharma said,” said Manu Sharma, vice president and general manager of Nothing India, quoted PTI.

In 2021, Nothing launched one of the most anticipated tech products of the year, Nothing ear (1) and we assure you, this is just the beginning, he further added.

Nothing has so far raised a total of $74 million. In December last year, the company had raised $7 million in seed financing from prominent investors, including Tony Fadell (inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (co-founder of Twitch) and Steve Huffman (CEO of Reddit). It raised $15 million from GV (formerly Google Ventures) in February this year.

The London-based company, which is backed by Indian entrepreneur Kunal Shah, was co-founded by OnePlus co-founder Carl Pei. According to research firm Counterpoint, Nothing broke into the top-three brands in the premium TWS (Truly Wireless Stereo) segment in its debut quarter by capturing a seven per cent share in the segment in the September 2021 quarter.

Read all the Latest News, Breaking News and Coronavirus News here. Follow us on Facebook, Twitter and Telegram.

Source link


Yes Bank loses case in Allahabad HC, court says won’t interfere in investigation

New Delhi: Allahabad HC refused to interfere in a criminal investigation being carried out by Crime Branch of Gautam Buddh Nagar Police of...

Gold Bonds Scheme’s 8th Tranche Opens On Monday: Check Issue Price

<!-- -->Sovereign Gold Bonds: The issue price is set at ₹ 4,791 per unit in the eighth trancheSovereign Gold Bond 2021-22 Scheme: The eighth...

Cryptocurrency Update: 6 Crypto Coins Rise Up To 542.96% in a Day. Know Prices

Cryptocurrency Update: The global cryptocurrency market on Saturday, November 27, regained its dominance slightly after tumbling drastically a day back amid fears of...


Please enter your comment!
Please enter your name here

- Advertisment -stock market course

Most Popular

No need to panic over new Covid-19 variant: ICMR | India News – Times of India

NEW DELHI: Amid mounting concern over cases of the new variant of concern Omicron detected in some countries, the Indian Council of Medical...

UK, Germany, Italy Detect Cases Of New Covid Variant

<!-- -->New Covid strain: Several nations have imposed restrictions on travel from southern Africa. (File)London/Berlin/Amsterdam: Britain, Germany and Italy detected cases of the...

Horoscope Today, November 28, 2021: Check Out Daily Astrological Prediction for Aries, Taurus, Libra, Sagittarius And Other Zodiac Signs

This Sunday will be meditative for Libras while Sagittarius will feel the need to address some concerning issues regarding their career. Cancers can...

Recent Comments

%d bloggers like this: