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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Both the cynic and the optimist will find plenty to suit their arguments in the company’s draft IPO prospectus.
Editor's note: It’s almost unheard of that an Indian consumer brand in any category is one of the top five in the world. But that’s where Mumbai-based wireless audio and wearables company boAt has been for most of the past 18 months. Last week, boAt, or Imagine Marketing Ltd, submitted its draft filing for an initial public offering to the markets regulator, in what would be the latest in a line of Indian tech IPOs. The company is looking to raise Rs 900 crore in fresh capital from the public markets, while private equity firm Warburg Pincus and co-founders Sameer Mehta and Aman Gupta are selling some of their shares for a total of Rs 1,100 crore. boAt has, over the past five years or so, come to dominate the Indian market for wireless earphones and headphones of all kinds, with a market share of 48% in the September quarter, according to market research firm IDC. That’s almost double the next four brands combined. Only four corporations in the world sell more wearables (wireless audio, smartwatches and fitness bands) than boAt, and …
Both the cynic and the optimist will find plenty to suit their arguments in the company’s draft IPO prospectus.
Editor's note: It’s almost unheard of that an Indian consumer brand in any category is one of the top five in the world. But that’s where Mumbai-based wireless audio and wearables company boAt has been for most of the past 18 months. Last week, boAt, or Imagine Marketing Ltd, submitted its draft filing for an initial public offering to the markets regulator, in what would be the latest in a line of Indian tech IPOs. The company is looking to raise Rs 900 crore in fresh capital from the public markets, while private equity firm Warburg Pincus and co-founders Sameer Mehta and Aman Gupta are selling some of their shares for a total of Rs 1,100 crore. boAt has, over the past five years or so, come to dominate the Indian market for wireless earphones and headphones of all kinds, with a market share of 48% in the September quarter, according to market research firm IDC. That’s almost double the next four brands combined. Only four corporations in the world sell more wearables (wireless audio, smartwatches and fitness bands) than boAt, and …
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
