Sachin Bansal's fund invests Rs 20 cr in consumer electronics start-up boAt

In a sector dominated by established global brands such as Apple, Samsung and Bose, the consumer electronics start-up said it sells over 8,000 units per day

Consumer electronics start-up boAt, known for its earphones, speakers and travel chargers, has secured a commitment of Rs 20 crore in venture debt from Flipkart co-founder Sachin Bansal's fund BAC Acquisitions. The brand will be using the funds for business operations. 

In a sector dominated by established global brands such as Apple, Samsung and Bose, the brand has already registered Rs 100 crore in FY2018 as gross sales. The firm said it is eyeing gross sales of Rs 500 crore in the next couple of years. The company was founded by Aman Gupta and Sameer Mehta in 2016 and has