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boAt's Aman Gupta confirms IPO plans for 2025, global expansion in UAE
Economic Times
·
10m ago
Medial
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.
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CoinDCX CEO Sumit Gupta on tax jolt in India, UAE plans and EBITDA aim
VCCircle
·
1y ago
Medial
CoinDCX CEO, Sumit Gupta, intends to keep India as the base for their crypto-exchange platform, despite regulatory uncertainty. The company recently invested in Dubai-based exchange, BitOasis, but aims to build products for the global market. Gupta also discussed CoinDCX's EBITDA target and plans for expansion in the UAE.
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ET Soonicorns Summit 2024: Fail fast, learn fast—the boAt man of India’s mantra to success is knowing when to stop!
Economic Times
·
10m ago
Medial
During a Fireside Chat at the ET Soonicorns Summit 2024, Aman Gupta, the founder and CMO of boAt, spoke about the importance of making mistakes in business and learning from them. Gupta discussed his own experiences, including the venture into smartwatches, which he considered a mistake but a valuable learning opportunity. He highlighted the significance of execution in a startup and the need to embrace AI integration in products and services. Gupta also discussed the evolving nature of customers and his plans for global expansion.
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Shark Tank India-featured Zoff raises ₹40 crore in funding
Inshorts
·
11m ago
Medial
Shark Tank India-featured spices brand Zoff has raised Rs 40 crore in funding from JM Financial Private Equity through JM Financial India Growth Fund III. Founded in 2018 by brothers Akash Agrawal and Ashish Agrawal, The startup offers a curated selection of spices, dry fruits, and whole food products. It previously raised funding from Boat's Co-Founder & CMO, Aman Gupta.
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Boat reports 5% revenue decline in FY24, net loss halves
Economic Times
·
10m ago
Medial
- Boat's revenue declined by 5% for FY24, reaching Rs 3,121.6 crore. - The company reduced its net loss by 48% to Rs 70.8 crore during the same period. - Boat's audio business remained flat in the second half of FY24, with a shift towards online sales. - The headphone segment experienced a decline, while the speaker business posted flat results. - Despite facing margin pressure due to fierce competition and declining average selling price, Boat expects improved Ebitda and PBT margins in FY25. - Boat plans to go for an IPO next year and expand internationally in the UAE.
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For Boat, q-com is third-largest sales channel, says cofounder Aman Gupta
Economic Times
·
11m ago
Medial
Boat, a popular wearable and audio products brand, has identified quick commerce as its third-largest sales channel. According to Boat's co-founder Aman Gupta, certain brands find more success on quick commerce platforms than on traditional ecommerce channels like Amazon or Flipkart. Quick commerce is gaining traction in India, with new-age brands experiencing rapid growth in this space. Walmart-owned Flipkart has also recently entered the quick commerce market with its service called 'Minutes'. The quick commerce market in India is projected to grow by 35% to nearly $7 billion by 2025, offering significant growth opportunities for direct-to-consumer brands.
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Boat likely to go public next year: cofounder Aman Gupta
Economic Times
·
10m ago
Medial
Boat, a popular wearables brand, is planning to go public next year, according to cofounder Aman Gupta. The company is focused on improving its operations and is set to enter international markets with a launch in the UAE next month. Gupta emphasized that execution is more crucial than the initial idea for success, citing examples of products becoming blockbusters and eventually building successful brands. He also advised entrepreneurs to embrace mistakes as an opportunity for learning and growth.
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BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore
OutlookIndia
·
5m ago
Medial
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.
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How boAt Makes Waves in the Audio Industry
StartupTalky
·
1y ago
Medial
boAt, an Indian audio brand founded in 2016 by Aman Gupta and Sameer Mehta, has quickly gained popularity in the country. Known for its stylish and affordable products in the wearables and personal audio segment, boAt has successfully tapped into market trends such as rising disposable income, increased smartphone penetration, and the growing focus on fitness. The company's key strategies include a strong emphasis on design, competitive pricing, and an omnichannel marketing approach. boAt's primary revenue streams come from the sales of wearables and personal audio devices, while strategic partnerships and diversification into new product categories further contribute to its growth. The brand's future goals include expanding into international markets, focusing on smart products, building a strong community, and investing in customer service. boAt's success story serves as an inspiration for other companies, highlighting the importance of understanding consumer preferences and implementing effective marketing strategies.
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Ice-cream maker GoZero raises Rs 30 crore from DSG Consumer Partners, others
Economic Times
·
4m ago
Medial
GoZero, a new-age ice-cream maker, has secured Rs 30 crore in funding from existing investors like DSG Consumer Partners and new participants including Boat founder Aman Gupta. The funds aim to enhance supply chains, product innovation, and brand expansion. Founded in 2022, Go Zero specializes in low-calorie, zero-sugar ice creams and has seen significant revenue growth. The company plans further expansion with new manufacturing units, targeting both tier I and tier II markets via quick-commerce platforms.
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Wearables brand Boat's shareholders clear IPO plan; company to raise Rs 500 crore in fresh capital
Economic Times
·
5m ago
Medial
India’s leading wearables brand, Boat, plans to file an IPO prospectus after shareholder approval, aiming to raise Rs 500 crore in fresh capital. This move follows its halted 2022 IPO attempt. Parent company, Imagine Marketing, received shareholder approval for the IPO plan. Boat's total IPO size may range Rs 2,000-2,500 crore, contingent on market conditions. Despite economic pressures and a 5% revenue decline, Boat retains a 25.7% market share in India's wearables market.
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