BoAt Company’s Net Worth (2022)

BoAt is an Indian consumer electronics company founded by Aman Gupta & Sameer Mehta in 2016.

The company has grown to become one of the largest wearables company in India since then.

As of 2022, the net worth of BoAt company is estimated to be Rs. 2,200 crore ($275 million).

The company reported revenues of Rs. 1,500 crore and net profits of Rs. 78 crore in FY21. BoAt also plans to have an IPO at a valuation of $1.5 to $2 billion and filed DRHP papers for the same.

Who is the owner of BoAt company?

BoAt primarily sells audio realted consumer electronics on e-commerce platforms.

BoAt is primarily owned by its co-founders Aman Gupta & Sameer Gupta, who collectively own over 56% of the company.

Private equity investor Warburg Pincus is the single largest owner of BoAt company with 36% stakes.

What is the net worth of BoAt company?

As of 2022, the net worth of BoAt company is estimated to be Rs. 2,200 crore ($275 million).

This valuation came after the company raised 50 crores from Qualcomm Ventures in 2021.

The company is eyeing a valuation of Rs. 12,000 to Rs. 16,000 crore after its IPO, according to The Economic Times.

BoAt is a Chinese or Indian company?

The company had earlier reported that its products are manufactured in China. But, after the government’s Production Linked Incentive scheme, BoAt decided to shift its production to India.

The company has signed JVs with Dixon Technologies, an Indian contract manufacturer for same purpose.