New Delhi, March 4 -- Consumer electronics products manufacturer Veira Electronics raised Rs.130 crore from Bharat Value Fund, marking a closure of its pre-IPO placement round, the company said on Tuesday, March 3, in a press release.

The company, with a diverse portfolio of LED TVs, washing machines, air coolers and multimedia speakers, operates two state-of-the-art facilities in Noida, Uttar Pradesh. These two facilities have a production capacity of 3 million TVs annually for both domestic and international markets.

Its TV portfolio consists of various operating systems such as Tizen, WebOS, Google, and Coolita, covering all categories, including HD, FHD, 4K, LED, OLED, and QLED. Between FY22-24, the company's financial performance h...