Ayrton Oneill
boAt is a Gurgaon-based company founded by Aman Gupta and Sameer Mehta in 2016. Gupta and Mehta are also the co-founders of Imagine Marketing Pvt. Ltd., the parent company of boAt. Gupta is the Chief Marketing Officer (CMO) of boAt, while Mehta is the CEO.
| Characteristics | Values |
|---|---|
| Company name | boAt |
| Parent company | Imagine Marketing Pvt. Ltd. |
| Founded | 2016 |
| Founders | Aman Gupta, Sameer Mehta |
| CEO | Sameer Mehta |
| Number of employees | 956 |
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What You'll Learn
The founders of boAt are Sameer Mehta and Aman Gupta
Mehta and Gupta founded boAt in 2016. Gupta's journey to founding the company is an extraordinary one. Born and raised in Delhi, he had previously ventured into five other businesses, all of which failed. However, at the age of 36, he founded boAt, driven by his passion for creating a lifestyle brand catering to the preferences of millennials.
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boAt is valued at $1.32 billion
BoAt is a Gurgaon-based company founded by Aman Gupta and Sameer Mehta in 2016. Gupta and Mehta own around 56% of the firm. The company is currently valued at $1.32 billion. It has raised a total funding of $171 million over 9 rounds. Its first funding round was on 6 April 2018. boAt has 14 institutional investors, including Fireside Ventures, Qualcomm Ventures and Warburg Pincus. Warburg Pincus is the largest institutional investor in boAt, with around a 36% stake. There are 47 Angel Investors in boAt. The company has 956 employees as of 25 January 2025.
BoAt's parent company, Imagine Marketing Pvt. Ltd, has converted into a public company to facilitate the IPO and its board has approved the plan to launch the IPO. The company is expected to seek a valuation of $1.5-2 billion in the IPO to be floated this year.
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boAt has 14 institutional investors
BoAt was founded by Aman Gupta and Sameer Mehta in 2016. Gupta is the co-founder and Chief Marketing Officer (CMO) of boAt, while Mehta is the CEO. boAt has 956 employees as of January 2025. The company has raised a total funding of $171 million over nine rounds from 61 investors. It is valued at $1.32 billion.
BoAt's board has 10 active members, including Gupta, Mehta, Anand Ramamoorthy and Anand Ramamurthi. The company has 82 competitors.
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boAt has 956 employees
BoAt is a Gurgaon-based company founded by Aman Gupta and Sameer Mehta in 2016. Gupta and Mehta are also the co-founders of Imagine Marketing Pvt. Ltd., the parent company of boAt. As of January 25, boAt has 956 employees.
The company has experienced rapid growth since its founding, becoming the world's fifth-largest wearable brand. This success can be attributed to its focus on creating a lifestyle brand that caters to the preferences of millennials. boAt has raised a total funding of $171 million over nine rounds and is valued at $1.32 billion as per the latest available filings.
The company's board has ten active members, including Gupta, Mehta, Anand Ramamoorthy, and Anand Ramamurthi. boAt also has 14 institutional investors, with Warburg Pincus as the largest institutional investor. In addition, there are 47 Angel Investors in the company.
BoAt's success is a testament to the entrepreneurial spirit and tenacity of its founders, particularly Gupta, who ventured into five other businesses before achieving success with boAt. The company's rapid rise demonstrates the power of pursuing one's passion and creating a brand that resonates with its target audience.
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boAt is a Gurgaon-based company
Gupta's journey to founding boAt began in Delhi, where he was born and raised. Before achieving success with boAt, he ventured into five other businesses, all of which faced failure. However, at the age of 36, Gupta's passion for creating a lifestyle brand catering to the preferences of millennials drove him to found boAt.
Mehta, on the other hand, started his career at Redwood Interactive, a company he also owned. He completed his schooling at St. Xavier School in Mumbai and pursued a bachelor's degree in commerce from Narsee Monjee College of Commerce and Economics. In addition to Imagine Marketing, Mehta has founded two other companies: Redwood Interactive and boAt's parent company, Imagine Marketing Pvt. Ltd.
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Frequently asked questions
Boat Works is owned by Sameer Mehta and Aman Gupta.
There are two owners of Boat Works.
Imagine Marketing Pvt. Ltd. is the parent company of Boat Works.
