About boAt
boAt is a company based in Gurugram (India) founded in 2016 by Aman Gupta and Sameer Mehta. boAt has raised $171.3 million across 9 funding rounds from investors including Navi, Warburg Pincus and Qualcomm Ventures. The company has 471 employees as of January 27, 2025. boAt has completed 2 acquisitions, including Cove and RedGear. boAt offers products and services including Airdopes 181 Pro, Rockerz 255 Pro+, Storm Call 3 Plus, and Stone 350. boAt operates in a competitive market with competitors including Xiaomi, Nothing, Plantronics, Meizu and Indkal, among others.
- Headquarter Gurugram, India
- Employees 471 as on 27 Jan, 2025
- Founders Aman Gupta, Sameer Mehta
- Stage Unicorn
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Sectors
RetailTechnology
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Phone
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Website
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Social
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- Legal Name Imagine Marketing Limited
- Date of Incorporation 01 Nov, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$366.28 M (USD)-7.87as on Mar 31, 2024
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Net Profit
-$9.31 M (USD)38.45as on Mar 31, 2024
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EBITDA
-$1.4 M (USD)85.29as on Mar 31, 2024
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Total Equity Funding
$171.3 M (USD)
in 9 rounds
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Latest Funding Round
Not available
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Investors
Navi
& 6 more
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Employee Count
471
as on Jan 27, 2025
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Investments & Acquisitions
Cove
& 1 more
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Products & Services of boAt
boAt offers a comprehensive portfolio of products and services, including Airdopes 181 Pro, Rockerz 255 Pro+, Storm Call 3 Plus, and Stone 350.
Wireless earbuds offering long playback and noise cancellation.
Headphones with extended battery life and Bluetooth connectivity.
Smartwatch with calling features and health tracking capabilities.
Portable speaker providing high-quality sound and durability.
People of boAt
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Funding Insights of boAt
boAt has successfully raised a total of $171.3M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in boAt
boAt has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Navi, Warburg Pincus and Qualcomm Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Multi-stage private equity investments are pursued across diverse sectors.
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Long/short and event-driven equity hedge fund and private equity firm focused on small to mid size companies
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Venture capital investing in technology sectors such as AI and automotive.
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Investor details for boAt
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Investments & Acquisitions by boAt
boAt has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cove and RedGear.
Investment portfolio details for boAt
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cove is recognized as an end-to-end IoT platform for wearables.
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Gaming peripherals including gamepads, mice, and headsets are supplied.
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Locked | Locked | 2010 | Locked |
Complete acquisition details for boAt
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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- Domains and locations
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Financial Statements - boAt
Detailed financials for boAt
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- Profit trends
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Boat Comparisons
Peer comparison for boAt
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- Headcount comparison
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Competitors of boAt
boAt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Xiaomi, Nothing, Plantronics, Meizu and Indkal, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category consumer electronics are offered through an internet-first model.
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Multi-category electronics are provided by an internet-first brand.
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Provider of video and voice collaboration solutions
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Multi-category consumer electronics are provided by an internet-first brand.
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Task management and project collaboration software is provided for teams.
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Detailed competitors of boAt
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Latest news on Boat
Complete news archive for boAt
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- Brand-specific news history
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Frequently Asked Questions about boAt
boAt was founded in 2016 and raised its 1st funding round 2 years after it was founded.
boAt is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sameer Mehta is the current CEO of boAt. They have also founded this company.
boAt is a funded company, having raised a total of $171.3M across 9 funding rounds to date.
As of Jan 27, 2025, the latest employee count at boAt is 471.
Annual revenue of boAt is $366.28M as on Mar 31, 2024.
The company was founded in 2016 and is headquartered in Gurugram, India. Operations focus on retailing personal audio devices such as headphones, earphones, and earbuds, alongside wearables including smart watches and speakers. Mobile accessories are also provided, with options for product personalization available. The sector encompasses consumer electronics, serving markets through online and retail channels.
boAt offers Airdopes 181 Pro, Rockerz 255 Pro+, Storm Call 3 Plus, and Stone 350.
boAt has 7 investors. Key investors include Navi, Warburg Pincus, Qualcomm Ventures, InnoVen Capital, and Malabar Investments.
The valuation of boAt is $1.32B as of Oct 2022.