boAt Company Profile, Funding News & Updates

Imagine Marketing, Boat’s parent company, revealed that auditors had issued several “unfavourable remarks and observations” over the years. These issues — found in FY23, FY24, and FY25.

Nayyar, with three years at boAt and prior experience as a partner at Bain & Company, will now lead the startup’s next phase of growth.

In its release, Boat said the partnership reflects its shift toward working with Indian partners to boost local semiconductor innovation.

This is boAt’s second attempt at an IPO. Back in January 2022, it had filed for Rs 2,000 crore offering, which included Rs 900 crore of new shares and Rs 1,100 crore worth of shares sold by existing investors.

The company has hired ICICI Securities, Goldman Sachs, and Nomura as its bankers for the IPO. It's important to note that this is the startup's second try at an IPO.

The D2C electronics company boAt has raised INR 500 Cr (about $61 Mn) from an existing stakeholder, a Warburg Pincus subsidiary, and a new

Boat, Noise, Portronics, VingaJoy, Mivi, Screwd, and Milesmate are the Top 10 Consumer Tech Startups in India.

Actor Ranveer Singh of Bollywood has joined consumer electronics company boAt as an investor. Singh has made an undisclosed investment in the audio and wearable brand.

boAt, Paytm, Meesho, Ola, Udaan, PharmEasy, CRED, Cult.fit, Razorpay, Digit Insurance, Groww, Dream11 are the Most Rich Startups in India.