Smartwatch model Noise is in talks for its first-ever fundraising spherical, because it competes for the highest spot within the fast-growing Indian market.

Nexxbase Marketing Pvt, which sells smartwatches and earphones underneath its Noise model, seeks funds so as to add merchandise and achieve market share in its residence base of India, the place 100 million wearable gadgets had been bought final yr, individuals aware of the matter mentioned. It’s in talks with potential buyers to boost $40 million to $50 million, mentioned one of many individuals, who requested to not be named as the knowledge isn’t public.