Page 4 - Boat

Definitely not listing this year, says boAt co-founder Gupta on IPO plans

Audio and wearables brand boAt, which had earlier deferred its public share sale plans amid stock market volatility, is "not in a hurry" to go for a listing, and is looking at FY25-FY26 timeframe for the IPO, co-founder Aman Gupta said. In an exclusive chat with PTI on wide-ranging issues, Gupta said that his startup is "well capitalised" for now. There was a phase when startup IPOs were in fashion but then the markets turned choppy, Gupta recounted. "We don't need to go for an IPO, as such. We can do that after a few years also... So, maybe FY25-FY26 is what we're looking... We're not in a hurry to list," Gupta said. boAt's listing is "definitely not this year", he added. The entrepreneur and investor whose stint with Shark Tank India has made him a household name, was among the invitees at an official delegation during Prime Minister Narendra Modi's recently-concluded visit to Paris. At the Indo-French CEO Forum last week, Gupta spoke about the rise of entrepreneurship and chan

Startup India celebration of innovation, entrepreneurship: boAt co-founder

India presents a compelling case for those looking to manufacture, boAt's co-founder Aman Gupta said, highlighting that initiatives like Startup India and celebration of innovation has changed the mood of the nation towards entrepreneurship. The outspoken entrepreneur said at the recent Indo-French CEO Forum that he had spoken about boAt's own story being a testimony of how real the India startup opportunity is. The entrepreneur and investor whose stint with Shark Tank India made him a household name, was among the invitees at an official delegation during Prime Minister Narendra Modi's recent visit to Paris. In an exclusive interview to PTI, Gupta recounted how startups were not recognised by the public as much earlier. According to him, the government's focus on entrepreneurship, and enabling initiatives like Startup India, Stand-Up India have changed the mood of the nation. "I spoke about our own story (at the Indo-French CEO Forum) and how we were importing 100 per cent when we

300 Pakistanis dead as boat capsizes in Greece: Here's what happened

Between 400 and 750 people were believed to have been aboard the vessel, when it sank about 80 km off the southern Greek town of Pylos

boAt logs Rs 4,000 cr in net sales, makes 15 mn products in India in FY23

Leading audio and wearables brand boAt on Thursday said it registered Rs 4,000 crore in net sales in FY23

Audio brand boAt scales up to Rs 4,0000 crore in net sales for FY 2022-23

The company said it is well positioned and capitalized to continue to make aggressive investments in establishing itself as a leading wearables brand in the country

Greed, official apathy cause of never-ending boat tragedies: Kerala HC

The Kerala High Court on Tuesday said a deadly cocktail of callousness, indifference, greed and official apathy was the cause of the never-ending boat tragedies occurring in the state

Kerala police constitutes special team; murder case against boat owner

Two days after a fatal boat mishap had claimed 22 lives in this north Kerala district, murder charge has been slapped against the owner of the vessel who was caught from nearby Kozhikode, police said here on Tuesday. Malappuram district police chief Sujith Das S, who is heading a special investigation team constituted to probe the incident, said the arrest of the accused was recorded and he would be produced before a local court within 24 hours. The owner was facing charges of operating the vessel without a licence. Talking to reporters here, Das said IPC Section 302 has been slapped against the boat owner and the investigation is progressing considering it as a murder case. "So, we will submit a report in the court as an offence under IPC 302," the officer said. He said the police are yet to confirm the total number of staff, who were present in the boat when tragedy struck the vessel. "Its driver, Dineshan, is absconding. We are trying to get more details about the other employ

Despite past boat accidents, Kerala government did nothing: Cong, BJP

Despite several fatal boat accidents in Kerala over the last 100 years and three Commission of Inquiry reports recommending preventive measures, lack of government intervention resulted in the boating tragedy here that claimed 22 lives, the opposition Congress and BJP contended on Monday. According to survivors and those who avoided boarding the fateful boat, the tour boat operator's "last trip" gimmick which led to the vessel being packed beyond its capacity and not heeding to bystanders warnings of the boat tilting to one side before it took off, all contributed to the disaster. The statements of the survivors, bystanders and local residents of the area reveal that the vessel was a fishing boat which was converted into a recreational vessel, it did not have a licence to offer boating services, it lacked sufficient safety equipment like life jackets, the same were not provided to passengers and it was filled beyond capacity, checking all the boxes of "don'ts" that the panels had ...

11 boat accidents in Kerala in the last10 decades claimed over 200 lives

Eleven boat tragedies, including the one at Tanur in Malappuram district of Kerala on Sunday, has claimed over 200 lives in the state in the past 10 decades. Following is the chronology of boat tragedies starting from 1924 to the one on May 7, 2023 that claimed 22 lives: * 1924: 24 persons drowned when a boat from Kollam to Kottayam sank at Palana. Mahakavi Kumaranasan, one of the triumvirate poets of Kerala, died in the tragedy. * March 19, 1980: 30 lives were lost when a ferry carrying pilgrims of a local church at Kannamaly in Kochi sank. * September 25, 1983: 18 persons died in a boat tragedy while they were returning after a church feast in Vallarpadam area of Ernakulam district. * July 27, 2002: 29 people died when a heavily loaded A53 boat of the Kerala Water Transport department, which left from Muhamma in Alappuzha, capsized in the Vembanad Lake near Kumarakom in Kottayam district of the state. The deceased included 15 women and a nine-month-old baby, besides several job

India's neckband market declines 9% in 2022 as competition rises: Report

Over 80 brands entered the neckband market in 2022, reflecting the growth potential of this market

Boat elevates Vivek Gambhir as Chairman; co-founder Sameer Mehta new CEO

Earwear brand Boat on Thursday said it has elevated CEO Vivek Gambhir to Chairman of the company. Boat co-founder Sameer Mehta will take on the role of CEO and Managing Director. Gambhir, in his new role as Chairman, will continue to guide the leadership team on matters of strategy, organisational development and culture and future growth roadmap. "We are now the number two company globally in the wearables (earwear and smartwatches) space in addition to being a leading brand in multiple categories in India. It is a matter of great pride that a brand born in India is now among the top brands in the world. And I am excited about the next phase of boAt, under the co-founders' visionary leadership," Gambhir said. Mehta joined Boat in February 2021 as CEO from Godrej Consumers Products, where he served as Managing Director and CEO of the company. "In early 2021, we approached Vivek to join and guide us in our scaling-up journey and prepare us to think and act like a bigger company rat

India's TWS shipments register 85% growth in 2022, boAt leads: Report

India's TWS (True Wireless Stereo earbuds) shipments registered 85 per cent (year-on-year) growth in 2022, with boAt leading the market for the third time in a row, a new report showed on Tuesday.

CES 2023: boAt to showcase next-gen hearable products from boAt Labs

'boAt Labs' has co-engineered next-generation hearables including TWS, neckbands and headphones with global tech companies to offer best-in-class immersive and premium audio experience

Blinkit to deliver boAt headphones and accessories within minutes

Select boAt products such as TWS, Neckbands, Portable Bluetooth Speakers, and Wired Earphones are now available on Blinkit

Withdrawal of start-up IPOs take wind out of sails of unlisted market

Share prices, trading activity slump amid rising uncertainty for startup listings

India's TWS shipments double year-over-year in Q3, boAt leads: Report

Indian brands grew 143 (year-over-year) in Q3 driven by boAt, Noise, Mivi, Boult Audio and Ptron, while Chinese brands saw an increased share of 13 per cent in Q3

India wearable market registers 56.4% growth, boAt leads, says report

boAt continues to lead with a 32.1 per cent of market share in Q3 growing 19.5 per cent (year-over-year), according to the report

boAt joins cult.fit to launch at-home workout programme to promote fitness

By customising workout routines and run plans, our smartwatches enable users to move beyond basic activity tracking and advance in their fitness journeys

Boat joins PharmEasy, Droom to shelve listing plans amid valuation concerns

Rising Sebi scrutiny, poor investor response during roadshows seen as reasons for withdrawal by companies

Audio gear, wearable tech firm boAt raises $60 mn, defers IPO plan

Funding will be used for the company's plans to the lead smartwatch category, strengthen role in audio