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BOAT WEARABLES
India's wearables firms venture abroad as local market wears a weary lookIndian wearable companies are looking beyond domestic borders for growth. Facing a slowdown in India, brands like Boat, Noise, and Fire-Bol...- Boat ties up with Hrdwyr for India's first locally packaged chipBoat will be the anchor customer for Hrdwyr Ventures' locally designed chip, packaged by Tata Electronics, aiming to differentiate its prem...
- Boat gets shareholder approval for IPO, to seek regulator’s nodThis will be the company’s second attempt to go public after an abortive bid in 2022. According to sources, the company is considering an I...
- boAt planning FY26 IPO to raise Rs 2,000 crore: ReportboAt IPO: boAt, a leading Indian wearable and audio brand, plans to launch its IPO in FY24, aiming to raise ₹2,000 crore at a valuation exc...
- boAt demands anti-dumping duty on realme earwearsImagine Marketing, the company behind boAt, has approached the Indian government to impose anti-dumping duties on realme earwears. boAt lea...
- Boat sets sail for $300-500 million IPO with bankers on boardThis comes as Boat’s revenue fell 5% in FY24 to Rs 3,285 crore, while it halved losses to Rs 70.8 crore. Sources said there’s a consolidati...
- July-Sept wearables shipment down 30% as brands clear inventoryWearable brands faced a decline in demand during the recent festive season. Shipments dropped as brands reduced inventory. Boat, a leading ...
- Boat reports 5% revenue decline in FY24, net loss halvesThe wearable and audio products company’s audio business was flat in the second half of FY24, with a shift towards online sales. The headph...
- Boat's parent brand Imagine Marketing India in talks with investors to raise fundsImagine Marketing's IPO plans were shelved in 2022. CEO Sameer Mehta said the company has no pressing need of capital and hence is not doin...
- Wearable market growth expected to slow in 2024 amidst plateauing innovation and inventory pile-upThe wearable market is anticipated to witness its slowest growth in 2024 since its inception in 2020, with market analysts predicting a sin...
- Latest Diwali Dhamaka: Top homegrown wearable brands seeing stellar growth this festive seasonLeader in the audio category, boAt has recorded high double-digit growth during the August to October period. Co-founder Sameer Mehta said ...
- Growing wearables production in India bleeds China unitsTop wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics c...
- India wearables market jumped 80.9% on-year in 2022, Boat the leader: IDCThe on-year growth came on the back of improved supplies, leaner inventory, and multiple new launches, along with a faster portfolio refres...
- Top smartwatch players work out software tweaks to lure buyersWhile the hardware play is getting saturated as brands try to maintain the affordable pricing of the products in a bid to lure fresh users,...
- Bulk of wearables, hearables' India demand met from local assembly, but value addition minimal: AnalystsThe wearables segment is expected to hit shipments of 100 million units worth $3.1 billion in 2022, and grow to 140 million units and $3.6 ...
- Locally manufactured 1 mln units of various products in Q1FY23: BoatBoat said it has manufactured a record one million units of truly wireless earbuds, wireless headphones, power banks and charging cables in...
- Boat leads neckband market with 25.7% in Q1 in India: ReportBoat captured the first position due to its significant presence.
- India's wearables market grows a record 20% in Q1The India wearables market shipped 13.9 million units in the first quarter courtesy strong demand from Tier 2 and 3 cities.
- boAt plans to float Rs 3,500-crore IPOUS based private equity fund Warburg Pincus is the largest investor in boAt with holding close to 30% stake. Other investors include Qualco...
- Electronics brand boAt plans to float Rs 3,500-crore IPOWarburg Pincus, a US-based private equity fund, is the largest investor in boAt. It holds nearly 30% stake. Qualcomm Ventures and Fireside ...
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