Has Warburg Pincus-backed boAt hit an iceberg?
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Has Warburg Pincus-backed boAt hit an iceberg?

By Malvika Maloo

  • 09 Oct 2024
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Has Warburg Pincus-backed boAt hit an iceberg?
Aman Gupta and Sameer Mehta, boAt

Warburg Pincus and Fireside Ventures-backed audio products and wearables brand boAt’s sales contracted in the financial year through March 2024, in what could be a sign of trouble for the consumer tech company. Operated by Imagine Marketing Ltd, BoAt’s standalone operating revenue fell to Rs 3,103.8 crore in FY24, down 4.7% ......

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