When was boAt founded?

boAt was founded in 2016 and became a unicorn in 2022, reaching the milestone in 6 years. It raised its 1st funding round 2 years after its incorporation.

Where is boAt located?

boAt is headquartered in Gurugram, India. It is registered at Unit no. 204 & 205, 2nd floor, D-wing & E-wing, Corporate Avenue, Andheri Ghatkopar Link, Road, Mumbai City, Mumbai, Maharashtra, India, 400093.

Who is the current CEO of boAt?

Sameer Ashok Mehta of boAt. They have also founded 2 companies and are angel investors in 11 startups, including Imagine Marketing.

Which legal entities is boAt associated with?

boAt is associated with Imagine Marketing Limited.

How many employees does boAt have?

As of May 01, 2026, the latest employee count at boAt is 511.

Is boAt a funded company?

boAt is a funded company, having raised a total of $132M across 9 funding rounds to date. The company's 1st funding round was a $922K Seed round, raised on Apr 06, 2018.

How much is boAt worth?

The latest valuation of boAt is ₹10,900Cr as of Dec 02, 2022.

When was the latest funding round of boAt?

boAt's latest funding was a Angel round on Feb 01, 2024, with participation from 0 investor.

What is the annual revenue of boAt?

Annual revenue of boAt is more than ₹1,000 Cr as on Mar 31, 2026

Is boAt a Wearable Technology company?

The primary sectors of boAt are Wearable Technology, Consumer Electronics E-Commerce, Audio Tech and Mobiles & Accessories.

Where does boAt rank among its competitors?

boAt ranks 1st amongst 956 active competitors, of which 72 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was boAt, which secured an undisclosed amount in Feb, 2024.

Who are the top competitors of boAt?

boAt's top competitors include Soundboks, Time Kettle and Sennheiser. Among them, boAt secured the most recent funding round in February, 2024.

boAt - 2026 Company Profile, Team, Funding, Competitors & Financials

boAt is a series C company based in Gurugram (India), founded in 2016 by Aman Gupta, Sameer Ashok Mehta and Aman Gupta. It operates as a Manufacturer of consumer electronics including wireless earphones, headphones, smart watches, and home audio equipment. boAt has raised $132M in funding from investors like Fireside Ventures, Qualcomm Ventures and Warburg Pincus, with a current valuation of ₹10,900Cr. The company has 956 active competitors, including 72 funded and 50 that have exited. Its top competitors include companies like Soundboks, Time Kettle and Sennheiser.

Sectors and market segments that boAt operate in

boAt serves in the High Tech, Internet of Things - Industry Applications, Retail, Consumer Goods market segments.The primary business model of boAt are:

Company Details

Manufacturer of consumer electronics including wireless earphones, headphones, smart watches, and home audio equipment. The company specializes in developing audio and wearable technology designed to enhance daily life through innovation and high-quality sound performance. Its product range includes true wireless earbuds, neckbands, portable speakers, and smartwatches, catering to audiophiles and individuals seeking functional lifestyle accessories.

Website: www.boat-lifestyle.com/
Social
Part Of
Registered Address: Unit no. 204 & 205, 2nd floor, D-wing & E-wing, Corporate Avenue, Andheri Ghatkopar Link, Road, Mumbai City, Mumbai, Maharashtra, India, 400093

Key Metrics

Founded Year

2016

Location

Gurugram, India

Stage

Series C

Total Funding

$132M in 9 rounds

Latest Funding Round

Angel, Feb 01, 2024, Undisclosed

Post Money Valuation

₹10,900Cr as on Dec 02, 2022

Investors

Fireside Ventures & 58 more

Ranked

1^st among 956 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

511 as on May 01, 2026

Investment & Acquisitions

RedGear & 2 more

Similar Companies

GoBoult & 204 more

View boAt's full profile

boAt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Imagine Marketing Limited CIN: U52300MH2013PLC249758 , India, Active	Nov 01, 2013	₹1,000+ Cr (As on Mar 31, 2026)	511 (As on May 01, 2026)

boAt has raised a total funding of $132M over 9 rounds. Its first funding round was on Apr 06, 2018. boAt has 16 institutional investors and 43 angel investors.

Here is the list of recent funding rounds of boAt:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 01, 2024	Undisclosed	Angel	-	-	-	-
Oct 28, 2022	$61.6M	Series C	$1.34B	-	Warburg Pincus, Malabar Investments	-
Apr 15, 2021	$6.65M	Series B	$256M	-	Qualcomm Ventures	-

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View details of boAt's funding rounds and investors

The founders of boAt are Aman Gupta, Sameer Ashok Mehta and Aman Gupta. Gaurav Nayyar is the CEO of boAt.

Here are the details of boAt's key team members:

Aman Gupta: Co-Founder & CMO of boAt and founder of 2 other companies, Imagine Marketing and Imagine Marketing. They are also an angel investor in 146 startups and serve on the boards of 4 companies.
Contact Info: 1 phone number
Sameer Ashok Mehta: Co-Founder & CEO & CPO of boAt and founder of 1 other company. They are also an angel investor in 11 startups and serve on the boards of 4 companies.
Contact Info: 2 email addresses and 1 phone number
Aman Gupta: Co-Founder, Promoter and Director of boAt and founder of 2 other companies, ATMPL and OFF/BEAT.

boAt's Board of Directors

boAt's board has 8 active members. Aman Gupta, Sameer Ashok Mehta, Anish Kumar Saraf and Pawan Kumar Goenka are part of team and Aashish Ramdas Kamat, Purvi Sheth, Anand Ramamoorthy and Deven Pravinchandra Waghani are independent board members.

Here is the list of boAt's board of directors:

Name	Type	Representing	Status	Duration
Aman Gupta	Team	-	Current	1y 1m
Sameer Ashok Mehta	Team	-	Current	13y 0m
Anish Kumar Saraf	Team	-	Current	5y 10m
Pawan Kumar Goenka	Team	-	Current	0y 0m
Aashish Ramdas Kamat	Independent board member	-	Current	4y 11m
Purvi Sheth	Independent board member	-	Current	4y 11m
Anand Ramamoorthy	Independent board member	-	Current	4y 11m
Deven Pravinchandra Waghani	Independent board member	-	Current	4y 10m

View details of boAt's Founder profiles and Board Members

boAt's employee count trend

boAt has 511 employees as of May 26. The total employee count is 6.0% more than what it was in May 25. Here is boAt's employee count trend over the years:

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Top competitors of boAt include Soundboks, Time Kettle and Sennheiser. Here is the list of Top 10 competitors of boAt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	boAt 2016, Gurugram (India), Series C	Manufacturer of consumer electronics including wireless earphones, headphones, smart watches, and home audio equipment	$132M	Qualcomm Ventures, Malabar Investments & 57 others	78/100
2nd	Soundboks 2015, Copenhagen (Denmark), Series A	Internet first brand offering audio devices	$8.63M	Zillionize, ACE & Company & 8 others	65/100
3rd	Time Kettle 2016, China, Series A	Provider of AI-based wearable earbuds translators	$1.4M	National Small and Medium-sized Enterprise Development Fund, New Tranx ... & 2 others	63/100
4th	Sennheiser 1945, Lehrte (Germany), Funding Raised	Provider of headphones, microphones, and wireless transmission	-	Europa	60/100
5th	GoBoult 2017, Delhi (India), Unfunded	Retailer of personal audio, wearable, and mobile accessory products	-	-	59/100
6th	Jabra 1983, Copenhagen (Denmark), Public	Manufacturer of audio and video technology for work and personal use	-	Innovate Partners	59/100
7th	Teufel Audio 1980, Berlin (Germany), Acquired	Manufacturer of high-fidelity audio products sold directly to consumers	-	HgCapital Trust, Riverside & 2 others	59/100
8th	PopSockets 2012, Boulder (United States), Seed	Internet first brand offering customized mobile accessories	$365K	PEAK6, First Chair & 1 others	58/100
9th	Nomad Santa Barbara (United States), Acquired	Internet-first brand offering electronic cases and accessories	-	Investisseurs & Partenaires, Kilmahew Ventures ... & 1 others	58/100
10th	More Design 2003, Taipei (Taiwan), Series D	Manufacturer of headphones, earphones, and audio accessories for various applications	-	GIC, Temasek & 6 others	57/100

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Looking for more details on boAt's competitors? Click here to see the top ones

Imagine Marketing Limited, the legal entity associated with boAt, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of Imagine Marketing Limited has a compounded annual growth rate (CAGR) of -4% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	1458	6075	9980	4968	5446
Total Sales	9740	3582	5906	7030	4113
Total Expenses	5012	9657	9480	9496	8562
Operating Expenses	9422	4137	3159	5264	5355
Employee Expenses	9822	4591	9414	3177	1332
Marketing Expenses	9834	9287	2889	7173	2971
Operating Income (EBIT)	8374	8638	1147	8112	5514
Interest Expenses	3397	4715	2376	4329	6054
Expenses from other activities	6436	3367	2107	3818	5573
Information Technology Expenses	1599	5105	1852	7584	7607
EBITDA	8695	6646	4725	9335	7873
Taxes	6913	3511	5409	8594	2451
Net Profit	3353	8670	6684	6730	6019
Balance Sheet
Assets	1782	6135	5575	2956	3189
Cash Equivalent	4556	1862	4791	8868	3889
Accounts Receivables	9772	6671	6666	6290	6591
Inventory	3704	4873	7409	9887	5802
Liabilities	8490	2403	9963	2333	2997
Total Debt	9401	1291	2572	5630	2630
Accounts Payable	4480	1320	2471	7103	4138
Equities	4813	8277	4483	2612	8561
Cashflow Statement
Cash from Operating activities	2115	6745	4866	8889	3472
Cash from Investing activities	5833	1295	5710	5678	2372
Net cash from Financing activities	6091	3362	5986	6610	4308

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 52.95%, Funds own 46.09%, Enterprises own 0.00% and Other People own 0.07%. The net worth of boAt's founders is INR 5,760Cr as of Dec 02, 2022. The cap table displayed below is for Imagine Marketing Limited which is the legal entity associated with boAt.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	52.95%	5,760Cr	2390342	8081007	3884236	1689088
Sameer Ashok Mehta	2019392	4500644	8907042	6617777	7876020	4319064
Aman Gupta	7495228	7720317	8580765	6904033	6177665	4862663
Fund	46.09%	5,020Cr	8802779	8773079	1704658	8469578
Warburg Pincus	6552566	3319986	3763724	3028180	6324577	2295287
Fireside Ventures	310	735	354	231	393	314
Qualcomm Ventures	47	52	41	92	77	73
Malabar Investments	6	7	6	3	6	2
Innoven Capital	0	0	0	0	0	0
Enterprise	0.00%	47.8L	0	0	0	0
Other People	0.07%	7.28Cr	0	0	0	0
ESOP Pool	0.88%	95.5Cr	0	0	0	0
Other Investors	0.01%	1.01Cr	0	0	0	0
Total	100.00%	10,900Cr	3077265	8738614	3268893	5133178

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

boAt has made 1 investment in Anveshan and acquired RedGear and COVE.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 12, 2025	Acquisition	RedGear	2010	Mumbai (India)
Jan 14, 2022	Acquisition	COVE	2015	Singapore (Singapore)
Aug 20, 2021	Investments	Anveshan	2019	Gurugram (India)