Lava plans to invest in R&D, to raise $90 mn from US fund

Lava plans to invest in R&D, to raise $90 mn from US fund: Indian phone-maker Lava International claimed that it will raise $90 million (Rs630 crore) from GEM Global Yield fund to invest in R&D with the aim of emerging as a handset market leader in the sub-$150 price segment.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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