Boat is a popular Indian consumer electronics brand that has become a common household name in the audio industry. The company was founded by Aman Gupta and Sameer Mehta in 2016, it gained rapid market attention with trendy, durable and affordable headphones, earphones, smartwatches and other audio products. What sets them apart from others is its keen focus on delivering high quality sound, aesthetic looks and affordability. One major reason behind Boat’s success is its approach through youth oriented marketing. Celebrity endorsements, connections with influencers, and maintaining an incredibly active social media presence has led to a connection with Gen Z and millennials, creating a loyal customer base.
By 2023, boat was the market leader in India for audio wearable and also ventured opportunities into international markets. This is indicative that indian entrepreneurs and local brands are also capable of standing strong against international competition.
In 2024, Boat announced to take a significant step by raising an Initial Public Offering (IPO) within the next 12-18 months, aiming to raise around Rs. 2,000 crore. The IPO is designed to support the company’s plans to expand its product range, and scale manufacturing. It will also give current investors an opportunity to exit their investment while attracting new investors to participate in the electronics market.