InnoVen Capital invests ₹25 cr in consumer electronic startup boAT

BoAT is a lifestyle brand company that manufactures and sells consumer electronics products such as earphones, headphones, speakers, soundbars, travel chargers, and premium rugged cables. The company lists its products across both online e-commerce marketplaces and offline stores.

Sameer Mehta, co-founder, boAt said, “…We continue to stay focused on delivering on our brand promise to our boAtheads. It’s been an exciting journey to build one of the leading homegrown digitally native brands from India but we are more excited about the next phase as we expand our product offering."

“boAt is one of the high performing companies in our portfolio, which has not only grown over 3X since we started the relationship but has managed to do that while being profitable. It’s a perfect case-study on how to build a new age brand, through superior customer insights, effective marketing and relentless execution," said Ashish Sharma, CEO, Innoven Capital India.

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