🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Aman Gupta-led boAt reports Rs 61 crore profit in FY25 ahead of IPO

IndianStartupNews

IndianStartupNews · 1d ago

Aman Gupta-led boAt reports Rs 61 crore profit in FY25 ahead of IPO

Consumer electronics brand boAt, led by co-founder Aman Gupta, reported a net income of Rs 61.08 crore for fiscal year 2025, marking a return to profitability after a Rs 79.68 crore loss the previous year. Revenue slightly decreased to Rs 3,073.3 crore from Rs 3,117.7 crore. As the company prepares for an initial public offering (IPO) to raise approximately Rs 2,000 crore, international sales grew 44%, while wearables sales declined. BoAt aims to be the first Indian direct-to-consumer electronics brand to list publicly.

Related News

BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore

OutlookIndia

OutlookIndia · 6m ago

BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore

BoAt, a consumer electronics company, plans to confidentially file its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO), aiming to raise Rs 2,000 crore in FY26. The company, co-founded by Aman Gupta, seeks a valuation exceeding $1.5 billion but hasn't confirmed final figures. Previously, BoAt withdrew IPO papers amid unfavorable market conditions. The company's revenue fell 5% in FY24 to Rs 3,285 crore, yet losses decreased to Rs 70.8 crore.

Audio wearable peers Noise and boAt clock flattish growth in FY24

YourStory

YourStory · 9m ago

Audio wearable peers Noise and boAt clock flattish growth in FY24

Audio wearables brands boAt and Noise reported modest growth in their revenue for FY24. Noise, backed by Bose, recorded an operating revenue of INR 1,430.8 crore, slightly higher than the previous year. boAt, led by Aman Gupta, generated INR 3,117.6 crore in revenue, which represented a 7.6% decline compared to the preceding year. Meanwhile, Noise incurred a loss of INR 20 crore, whereas boAt managed to reduce its losses from the previous year. boAt is currently preparing for an IPO, aiming for a valuation of $1.32 billion.

Aman Gupta Led boAt’s Parent Company Files for IPO Again via Confidential Filing

OutlookIndia

OutlookIndia · 5m ago

Aman Gupta Led boAt’s Parent Company Files for IPO Again via Confidential Filing

Imagine Marketing, parent of the boAt brand, has filed for an IPO through SEBI's confidential pre-filing process. This is their second attempt after a January 2022 filing. The confidential filing allows the company to keep details private initially. The previous filing sought to raise Rs 2,000 crore. boAt co-founder Aman Gupta highlights the importance of having a product-market fit before unnecessary spending, advising startups to prioritize product development and customer needs.

boAt makes turnaround in FY25 with Rs 60 Cr profit

Entrackr

Entrackr · 1d ago

boAt makes turnaround in FY25 with Rs 60 Cr profit

boAt makes turnaround in FY25 with Rs 60 Cr profit Consumer electronics firm boAt reported a net profit of Rs 60 crore in FY25, a significant turnaround for the Gurugram-based company as it curtailed losses across its business segments. The company’s austerity measures slightly impacted its top line, which stood at Rs 3,073 crore in FY25 from Rs 3,118 crore in FY24, according to company documents reviewed by Entrackr. Sales of products such as earbuds, speakers, airdopes, and wireless speakers contributed Rs 3,070.4 crore to the company’s revenue, while other operating income added Rs 2.9 crore. Including non-operating income, boAt’s total revenue stood at Rs 3,098 crore in FY25. India remained its core market, accounting for Rs 3,050.5 crore in sales, while international revenue grew 44% year-on-year to Rs 20 crore in FY25. Audio continued to power growth with Rs 2,586 crore in revenue (up 5%), whereas the wearables segment shrank sharply by 40% to Rs 330.4 crore. boAt cut overall expenses by 6% to Rs 3,040 crore. Purchases of stock-in-trade were the largest cost expenditure for boAt, which dropped by 8.9% to Rs 2,070 crore in FY25 from Rs 2271 crore in FY24. According to the documents, its ad spending rose around 7% to Rs 390 crore, while employee costs grew slightly by 3.1% to Rs 135 crore. boAt has raised over $170 million to date, including a $60 million round led by Warburg Pincus and Malabar Investments in 2023. Imagine Marketing, the parent of boAt, is set to become the first Indian D2C electronics brand to go public after receiving SEBI’s nod for its IPO. The markets regulator has cleared its confidential DRHP, and the company is eyeing a Rs 2,000 crore raise, including a Rs 900 crore fresh issue.

boAt's Aman Gupta confirms IPO plans for 2025, global expansion in UAE

Economic Times

Economic Times · 11m ago

boAt's Aman Gupta confirms IPO plans for 2025, global expansion in UAE

Wearable brand boAt is planning to go public with an IPO in 2025, according to co-founder Aman Gupta, who recently shared the news at the ET Soonicorns Summit in Bengaluru. Gupta stated that the company is putting in efforts to enhance its operations and if everything progresses as expected, boAt will make its debut in the stock market next year. boAt is also expanding its global presence and is set to enter the UAE market in the coming month.

Beautywise raises Rs 3 crore from Boat's cofounder

Economic Times

Economic Times · 6m ago

Beautywise raises Rs 3 crore from Boat's cofounder

Beautywise, a beauty and wellness brand, secured Rs 3 crore funding from Boat cofounder Aman Gupta on Shark Tank India, following a Rs 6 crore round raised earlier in February 2024. The new funding will support the development of innovative products, team expansion, and brand presence enhancement. CEO Shreyansh Chauhan stated that the funds will be directed towards R&D and broadening their reach by hiring more field personnel and fortifying partnerships with clinics and pharmacies nationwide.

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Economic Times

Economic Times · 2m ago

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Ellenbarrie Industrial Gases raised Rs 256 crore from anchor investors ahead of its IPO, which opens from June 24-26. The IPO, priced between Rs 380-400 per share, aims to gather Rs 852 crore. It includes a fresh issue of Rs 400 crore and an offer for sale of 1.13 crore shares. The funds will be used to pay debts and establish a new unit. The company's revenue rose 16% in FY25, with significant profit growth.

Early moves on corporate governance can ensure smooth sailing for companies: Boat cofounder Aman Gupta

Economic Times

Economic Times · 2y ago

Early moves on corporate governance can ensure smooth sailing for companies: Boat cofounder Aman Gupta

Aman Gupta asserted that Boat has been focusing on corporate governance from day zero, as it "always wanted to be clean". The Boat cofounder said he is happy that the attention of the startup universe has shifted to this important issue now.

Shark Tank judge Aman Gupta once said his home was run on his wife's money. Who is Priya Dagar? A look at their 'DDLJ' like love story

Economic Times

Economic Times · 2m ago

Shark Tank judge Aman Gupta once said his home was run on his wife's money. Who is Priya Dagar? A look at their 'DDLJ' like love story

Aman Gupta, co-founder of boAt and Shark Tank India judge, faced early financial struggles after leaving chartered accountancy. Supported financially by his wife, Priya Dagar, during lean times, Aman persevered through multiple failed ventures before achieving success with boAt. His romantic journey with Priya resembles a Bollywood plot, marked by a dramatic chase reminiscent of "Dilwale Dulhania Le Jayenge." Priya, a professional in venture philanthropy, played a significant role in Aman's success.

Do not do startup for the sake of it, says Boat cofounder Aman Gupta

Economic Times

Economic Times · 5m ago

Do not do startup for the sake of it, says Boat cofounder Aman Gupta

Aman Gupta, cofounder of Boat, advises young entrepreneurs not to start businesses simply for the sake of it. He emphasizes the importance of founder branding, where entrepreneurs enhance their business’s visibility through personal image. Gupta notes that successful execution is key, rather than being first in the market, as illustrated by companies like Flipkart and Boat. He also highlights India's growing focus on entrepreneurship and effective brand building for business success.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Arunachal Pradesh's chief ministe ...

My11Circle parent Games24x7 lays ...

Sebi approves boAt parent’s IPO; ...

Download the medial app to read full posts, comements and news.