Lava Mobiles is aiming to raise USD 100 million from strategic partners for funding its expansion in the country.

Hari Om Rai, the Chairman and Managing Director of the company said that “We are looking to dilute our equity to strategic partners…we are looking to raise USD 100 million and it will take around 6-8 months to finalise.”

According to him the company is already in talks with a couple of strategic investors, including foreign companies interested in investing in the country.

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