Fitbit reveals it paid ₹154 cr to buy wearables maker Pebble
American wearables maker Fitbit has revealed that it paid nearly ₹154 crore to buy smaller rival Pebble last year. The amount is only a few crores higher than Pebble's ₹135 crore raised in 2015 through a crowdfunding campaign. Recently, Fitbit announced to cut 6% of its staff affecting 100 employees after disappointing fourth-quarter earnings.