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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(06 Apr 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Angel Round - boAt | Valuation |
investors |
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| Oct, 2022 | Amount | Series C - boAt | Valuation | Warburg Pincus , Malabar Investments |
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| Apr, 2021 | Amount | Series B - boAt | Valuation | Qualcomm Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by boAt
boAt has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cove and RedGear. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cove is recognized as an end-to-end IoT platform for wearables.
|
2015 | ||||
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Gaming peripherals including gamepads, mice, and headsets are supplied.
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - boAt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Boat Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer electronics are offered through an internet-first model.
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| domain | founded_year | HQ Location |
Multi-category electronics are provided by an internet-first brand.
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| domain | founded_year | HQ Location |
Provider of video and voice collaboration solutions
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| domain | founded_year | HQ Location |
Multi-category consumer electronics are provided by an internet-first brand.
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| domain | founded_year | HQ Location |
Task management and project collaboration software is provided for teams.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Boat
Frequently Asked Questions about boAt
When was boAt founded?
boAt was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is boAt located?
boAt is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of boAt?
Sameer Mehta is the current CEO of boAt. They have also founded this company.
Is boAt a funded company?
boAt is a funded company, having raised a total of $171.3M across 9 funding rounds to date. The company's 1st funding round was a Series B of $6.65M, raised on Apr 06, 2018.
How many employees does boAt have?
As of Jan 27, 2025, the latest employee count at boAt is 471.
What is the annual revenue of boAt?
Annual revenue of boAt is $366.28M as on Mar 31, 2024.
What does boAt do?
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.
What products or services does boAt offer?
boAt offers Airdopes 181 Pro, Rockerz 255 Pro+, Storm Call 3 Plus, and Stone 350.
Who are boAt's investors?
boAt has 7 investors. Key investors include Navi, Warburg Pincus, Qualcomm Ventures, InnoVen Capital, and Malabar Investments.
What is boAt's valuation?
The valuation of boAt is $1.32B as of Oct 2022.
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