boAt – Consumer Electronics Startup raises INR 25 Cr Funding from InnoVen Capital

boAt, Mumbai based lifestyle brand offers you various fashionable consumer electronics like headphones, earphones, travel chargers, speakers, airdopes, bluetooth speakers, home audio, mobile accessories and car chargers. The startup was founded by Mr. Aman Gupta and Mr. Sanjay Mehta in 2016.

According to a report by IT market research and advisory firm International Data Corporation (IDC), boAt was ranked No 1 in the earwear segment for 2019, with a market share of 27.3%.

boAt has raised a total of INR 420M of funding till date. The startup is backed by Fireside Ventures, Navi Technologies and InnoVen Capital. Navi Technology and InnoVen Capital is the most recent investor in boAt.

InnoVen Capital, Asia’s leading venture debt and lending platform have invested Rs. 25 Cr in fashionable consumer electronic brand known as “boAt“.

The Startup have created history by selling 18,000 units of Airdopes 131 in just 2 minutes. This is the highest and fastest selling of True Wireless (TWS) on Flipkart India.

Oops, it’s sold out again 🙊. Thank you for sailing at the top speed and creating history with us. We know that you can’t wait for it to be back in stock which is why we are on it! Drop a 🤙🏼 if you have bought Airdopes 131 from sale.
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.#Sale #RecordBreaking #Flipkart pic.twitter.com/HaxxVMunRi

— boAt (@BoatNirvana) August 22, 2020

• boAt Rockerz 450 Wireless Bluetooth Headphone with Up to 8H Playback

• boAt Airdopes 441 TWS Ear-Buds with IWP Technology

• Boat Airdopes 171 True Wireless Earbuds with Stereo Functionality

• boAt Stone SpinX 2.0 R 12W Portable Wireless Speaker with 360° Stereo Sound

• boAt Stone 650 Portable Wireless Speaker with 10W Stereo Sound, Powerful Bass

• Boat Rockerz 255 Sports Wireless Headset with Super Extra Bass

• boAt Stone 170 5W Portable Bluetooth Speakers with True Wireless Sound

• boAt Stone 1400 Bluetooth Speaker with 30W Loud Audio, Twin EQ Modes,

• boAt Stone 1400 Mini Portable Wireless Speaker with 18W Sound

• boAt Aavante Bar 1500 2.1 Channel Home Theatre Soundbar with 120W boAt Signature Sound

• Boat AAVANTE BAR 1160 60W Bluetooth Soundbar with 2.0 Channel boAt Signature Sound

• boAt BassHeads 102 Wired Earphones with Immersive Audio

• boAt A 350 Type C Cable 1.5m (Black)

• boAt Dual Port Rapid Car Charger (Qualcomm Certified) with Quick Charge 3.0 + Free Micro USB Cable – (Black)

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