boAT had postponed its public share sale plans last year and instead raised ₹500 crore from private investors, among ongoing issues over the label stock market. The Mumbai-based firm had listed its earliest share papers to the markets regulator to raise ₹2,000 crore in January. Although, like various other startups, for instance Droom Technologies and PharmEasy, the firm put its registering ideas citing tough market conditions, on the back burner. The company had announced a revenue in FY22 of approx ₹3,000 crore.
Aman Gupta Speaks On Company Journey
He spoke regarding the questions raised upon the company. He commented, “Numerous people asked if we could certainly Make In India. It wasn’t facile. Hurdles lined the journey. But we were steady with our commitment. We took a vow to endeavor our best to Make in India.” And now boAT became the first Indian brand that had produced wearable products over 1 crore in one year.
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He thanked boATheads for their hard work and success. He added “Today, with #HumBheeBanaLenge enthusiasm, we take significant delight in being the first Indian label to produce more than 1 crore wearables products that too in one year. It is a privilege for us to be proficient to return back to our magnificent nation in whichever small way we can“. Further wrote, Born In India, Rock in India, Made in India.
Earlier boAt joined hands with the popular streaming platform Netflix to publicize a wireless headphone in India. The company then released Stream Edition headphones that include boAt Airpodes 411 ANC TWS earphones, boAt Nirvana 751 ANC wireless headphones, and boAt Rockerz 333 Pro neckband style Bluetooth.
