🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Vinayak Shivanagutti

Stealth • 8m

boAt: Riding the Audio Wave (with a Recent Setback) Company: boAt (founded 2016) Industry: Consumer Electronics (Audio) Challenge: Stand out in a crowded audio market. Solution: Stylish, budget-friendly audio for young consumers. Results: Growth: Became India's leading wearables brand by 2019. Market Share: Captured significant share with trendy designs & pricing. Profitability: Maintained profitability for eight years (FY2016-2022). Revenue (Cr): FY18: ₹70 Cr (estimated) FY19: ₹108 Cr FY20: ₹700 Cr FY21: ₹1,512 Cr FY22: ₹2,873 Cr FY23: ₹4,000 Cr Profit (Cr): FY18 : ₹6cr FY19 : ₹ 9cr FY20: ₹ 48.85 cr FY21: ₹50 Cr FY22: ₹ 68.7Cr FY23: ₹-129 Cr (Loss) Conclusion: boAt's success highlights the power of targeting a niche with the right product & marketing. The recent loss signals a need to adapt. By optimizing costs, diversifying products, and potentially expanding globally boAt can navigate the changing audio market and continue its impressive journey.

2 replies10 likes
Replies (2)

More like this

Recommendations from Medial

Image Description
Image Description

Vinayak Shivanagutti

Stealth • 8m

Case Study: PhonePe – India's UPI Leader Founded in 2015, PhonePe dominates India's digital payments landscape. Stats: Users: 350M+ registered Market Share: 40%+ of UPI transactions Business Model: Transactions, financial services, advertising. R

See More
16 replies47 likes
10
Image Description
Image Description

Vinayak Shivanagutti

Stealth • 8m

Case Study: Paytm – India's Payments Pioneer Founded in 2010, Paytm revolutionized India's digital payments landscape. Stats: Users: 330M+ active Merchants: 21M+ partners Business Model: Payments, financial services, e-commerce. Revenue: FY18: $

See More
6 replies9 likes
1
Image Description
Image Description

Havish Gupta

Stealth • 8m

Unique Startup Stories (13/20) ₹3,000 Cr funding, 13 acquisitions, and mere ₹50 Cr revenue! Meet Quikr, a free online marketplace that allows users to sell, buy, rent, and discover anything. ABOUT IT It was founded in Bengaluru in 2008 by Jiby Tho

See More
20 replies36 likes
5
Image Description

Akshat kumar Jain

Stealth • 7m

Wow Momo has doubled its revenue every year Founded in 2008, Wow! Momo has become a national phenomenon with over 500 outlets across 25 Indian cities. Let's dive deeper into their impressive FY23 financials Revenue Soars: Total revenue, including

See More
1 replies4 likes
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 7m

Salaries of top Indian startup founders revealed.(Per annum) Zerodha Nikhil Kamath - ₹48 Cr - Revenue- ₹6,832.8 Cr | Profit of ₹2,908.9 Cr Zepto Aadit Palicha - ₹1.5 Cr - Revenue- ₹2,024.3 Cr | Loss of ₹1,272.4 Cr Zaggle Raj Narayanam - ₹1.02 Cr -

See More
87 replies232 likes
160
Image Description
Image Description

Vinayak Shivanagutti

Stealth • 8m

Swiggy: India's Food Delivery Giant Founded in 2014, Swiggy's tech-driven food delivery platform has transformed the Indian market. Key Stats: 150M+ users 500+ cities 200K+ delivery partners Business Model: Swiggy connects customers, restaurants,

See More
3 replies5 likes
1
Image Description
Image Description

SamCtrlPlusAltMan

 • 

OpenAI • 5m

Late-stage funding slowdown: How bad is it? 🛑 Prosus investments paint a stark picture: FY22: $7B FY23: $3.5B FY24: $1.1B 📉 84% drop from FY22 to FY24 🔍 YoY declines: 50% (FY22-FY23), 69% (FY23-FY24) 💡 Reflects broader trends: economic uncertai

See More
12 replies10 likes
1
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 10m

Top news from today- 1. Neodocs bags $2M 2. Zomato posts 138 Cr profit PAT. 3. Infra.Market’s revenue scales to Rs. 11,846 Cr in FY23 up from Rs. 1240 Cr in 2021. 4. EV financing startup Vidyut raised $5M in series A. 5. DailyHunt’s parent Verse

See More
4 replies30 likes
Image Description
Image Description

Havish Gupta

Stealth • 8m

Unique Startup Stories (14/20) Multiply Your Facebook Page Income with Convosight ABOUT IT • It was founded in Delhi in 2019 by Kartik Bansal, Tamanna Dhamija and Tarun Dhamija • It uses data analytics and machine learning to help admins and brands

See More
8 replies21 likes
1
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 10m

Top news of the day- 1. Astrotalk raised Rs. 160 Cr ($20M). 2. Amber raised Rs. 168 Cr ($21M). 3. Byju’s FY23 revenue is Rs. 6509 Cr. 4. Navi is seeking to raise Rs. 600 Cr. 5. D2C food brand Yu raised Rs. 20 6. EV manufacturer Corrit raises Rs. 5

See More
5 replies40 likes
2

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