Emerging Companies on the Rise
Fortune India’s The Next 500 event showed how emerging companies are scaling new levels.
Fortune India’s The Next 500 event showed how emerging companies are scaling new levels.
Cofounders Aman Gupta and Sameer Mehta, run a ₹4,000 crore, profitable business and have even looked beyond audio.
“This year the company will focus on India and going all out is next year’s vision,” says Aman Gupta, Founder and CMO, boAt, at Fortune India’s TheNext500 event.
Through the new funds, boAT is planning to strengthen its audio segment, enhance its R&D and design capabilities, and focus on manufacturing, in line with the country’s ‘Make-in-India’ initiative.
boAt co-founders Aman Gupta and Sameer Mehta will pare their stake worth ₹150 crore each.
After raising $100 million from Warburg Pincus, boAt is now one of the most successful electronics hardware startups in India, proving that attractive prices and nifty design can always be a winner.
While most early-stage investors seek out tech firms to put their money in, Fireside Ventures has built an ecosystem comprising capital, mentorship, and promising ideas around new-age consumer brands.
The Bengaluru-based company has deployed ₹204 crore across 18 investments so far.