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boAt is a series C company based in Gurugram (India), founded in 2016 by Sameer Mehta and Aman Gupta. It operates as a Platform offering wearable audio devices. boAt has raised $171M in funding from investors like Fireside Ventures, Qualcomm Ventures and Warburg Pincus, with a current valuation of ₹10,800Cr. The company has 75 active competitors, including 12 funded and 6 that have exited. Its top competitors include companies like Xiaomi, Nothing and Meizu.
Sectors and market segments that boAt operate in
boAt serves in the B2C, B2B space in the Retail, High Tech, Internet of Things - Industry Applications market segments.The primary business model of boAt are:Company Details
Platform offering wearable audio devices. Its a consumer goods company that designs and manufactures audio and wearable products, such as earbuds, headphones, and smartwatches. The company focuses on providing high-quality products with contemporary designs and innovative features. Its product includes headphones,earphone,wireless earbuds,neckbands,party speakers,smart watches,power banks,chargers and more.
- Website
- www.boat-lifestyle.com/
- Social
- Part Of
- imaginemarketingindia.com
Legal entities associated with boAt
boAt is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Jul 12, 2020 | $0 (as on Jul 31, 2023) | - | ||
Oct 31, 2013 | $379M (as on Mar 31, 2024) | 483 (as on May 31, 2025) | ||
Oct 31, 2013 | $379M (as on Mar 31, 2024) | 483 (as on May 31, 2025) |
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boAt's funding and investors
Filter this listboAt has raised a total funding of $171M over 9 rounds. Its first funding round was on Apr 06, 2018.
boAt has 15 institutional investors including Fireside Ventures, Qualcomm Ventures and Warburg Pincus. Warburg Pincus is the largest institutional investor in boAt. Ritu Kapur and 46 others are Angel Investors in boAt.
Here is the list of recent funding rounds of boAt:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Feb 01, 2024 | Undisclosed | Angel | - | - | - |
Oct 28, 2022 | $61.6M | Series C | $1.32B | 3.2x | |
Apr 15, 2021 | $6.65M | Series B | $256M | 1.3x |
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boAt's founders and board of directors
Founder? Claim ProfileHere are the details of boAt's key team members:
- Sameer Mehta: Co-Founder & CEO & CPO of boAt and founder of 2 other companies, Imagine Marketing and Redwood Interactive. They are also an angel investor in 10 startups and serve on the boards of 2 companies.Contact Info: 1 email address
- Aman Gupta: Co-Founder & CMO of boAt and founder of 1 other company. They are also an angel investor in 130 startups and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
boAt's Board of Directors
boAt's board has 10 active members. Sameer Mehta, Aman Gupta, Vivek Gambhir and Ankur Sharma are part of team and Anand Ramamurthi, Anish Saraf, Purvi Sheth, Anand Ramamoorthy, Deven Pravinchandra Waghani and Mukesh Radheshyam Ranga are independent board members.Here is the list of boAt's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Past | 8y 8m | |
Team | - | Past | 8y 8m | |
Team | - | Current | 2y 1m | |
Team | - | Current | 3y 6m | |
Independent board member | - | Current | 3y 7m | |
Independent board member | - | Current | 4y 5m | |
Independent board member | - | Current | 3y 7m | |
Independent board member | - | Current | 3y 7m | |
Independent board member | - | Current | 3y 6m | |
Independent board member | - | Current | 3y 1m | |
Independent board member | - | Past | 0y 5m | |
Independent board member | - | Past | 1y 0m |
View details of boAt's Founder profiles and Board Members
boAt's employee count trend
boAt has 482 employees as of Apr 25. The total employee count is 2.0% more than what it was in Apr 24. Here is boAt's employee count trend over the years:Uncover boAt's growth story! Sign up today!Access Tracxn on any website
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boAt's Competitors and alternates
Top competitors of boAt include Xiaomi, Nothing and Meizu. Here is the list of Top 10 competitors of boAt, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Internet first brand offering multi-category consumer electronics products | $1.45B | 76/100 | ||
2nd | Platform offering wearable audio devices | $171M | 75/100 | ||
3rd | Nothing 2020, London (United Kingdom), Series C | Internet first brand offering multi-category electronics | $250M | 71/100 | |
4th | Internet-first brand offering multi-category consumer electronics | $958M | 59/100 | ||
5th | Nu Republic 2018, Gurugram (India), Seed | Manufacturer of personal audio devices, smartwatches, power accessories, and travel gear | $1.4M | 58/100 | |
6th | Online platform offering a wide range of consumer electronics | - | 58/100 | ||
7th | Internet first brand offering audio accessories, gaming products, and other equipments | $1.48M | 56/100 | ||
8th | Portronics 2008, Delhi (India), Unfunded | Internet first brand offering multi-category electronic products | - | - | 55/100 |
9th | Provider of an internet first brand offering multi-category audio devices | - | - | 54/100 | |
10th | UltraProlink 1969, Delhi (India), Unfunded | Internet first brand offering electronics gadgets and accessories | - | - | 48/100 |
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boAt's Latest cap tables and shareholding
Founders (largest shareholder) own 53.52%, Funds own 45.51%, Enterprises own 0.00% and Other People own 0.00%. The net worth of boAt's founders is INR 5,760Cr as of Dec 02, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 53.52% | 5,760Cr | 2781818 | 1818477 | 7934164 | 6729155 |
6963034 | 1442508 | 4163871 | 7853585 | 8592685 | 6440042 | |
6491601 | 5649129 | 8441062 | 3009945 | 6741707 | 3604881 | |
Fund | 45.51% | 4,900Cr | 1127250 | 2227783 | 6433168 | 6901164 |
8271269 | 7604413 | 5558942 | 8488593 | 4870157 | 5980106 | |
0 | 0 | 0 | 0 | 0 | 0 | |
37 | 49 | 69 | 15 | 57 | 21 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | - | 47.8L | 0 | 0 | 0 | 0 |
Other People | - | 30L | 0 | 0 | 0 | 0 |
ESOP Pool | 0.95% | 102Cr | 0 | 0 | 0 | 0 |
Other Investors | 0.01% | 1.01Cr | 0 | 0 | 0 | 0 |
Total | 99.99% | 10,800Cr | 4724580 | 5648825 | 2054339 | 9749019 |
To unlock detailed Cap Table of boAt Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of boAt's Shareholding
boAt's Investments and acquisitions
Reports related to boAt
Here is the latest report on boAt's sector:
News related to boAt
Filter this listMedia has covered boAt for a total of 64 events in the last 1 year, 40 of them have been about company updates and 11 about partnerships.
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Axis Bank Collaborates with boAt and Mastercard for Seamless Payments on Wave Fortune SmartwatchBusiness News This Week•Jun 18, 2025•Axis Bank, boAt
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boAt integrates TWID’s ‘Pay with Rewards’ technology to enhance the shopping experienceTvnews4u•May 16, 2025•TWID, boAt
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India’s D2C startup funding drops 18% in 2024, but remains second globally after US
Financial Express•Apr 17, 2025•Lenskart, MyGlamm, boAt, Licious
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Indian Start-Ups Raise Over $180 Million This Week, Fintech Continues To Lure In Investors
ABP Live•Apr 13, 2025•Juspay, Kedaara, SoftBank, Accel and 7 others
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Indian Startup Ecosystem Raises Over $180 Million This WeekIndUs Business Journal•Apr 12, 2025•Juspay, Kedaara, SoftBank, Accel and 7 others
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boAt owner Imagine Marketing files draft IPO papers through confidential pre-filing routeDeccan Herald•Apr 07, 2025•boAt
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Boat Nirvana Crystl TWS Earbuds With IPX4 Rating, Up to 100 Hours of Total Battery Life Launched in IndiaGadgets 360•Mar 21, 2025•boAt
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Indian Consumers Have Shed Colonial Hangover of Foreign Brands: boAt's Aman GuptaOutlook Publishing India Pvt Ltd•Mar 20, 2025•boAt
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