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boAt In Talks To Raise Funds, Eyes IPO In The Next 12-18 Months
12 June 2024
- boAt cofounder and CEO Sameer Mehta said that the fundraise will be “strategic” in nature instead of just raising capital
- Mehta said that the startup is looking to raise INR 2,000 Cr via its IPO in the next 12-18 months
- boAt slipped into the red for the first time in FY23, clocking a net loss of INR 129.4 Cr against a net profit of INR 68.7 Cr in FY22
- boAt cofounder and CEO Sameer Mehta said that the fundraise will be “strategic” in nature instead of just raising capital
- Mehta said that the startup is looking to raise INR 2,000 Cr via its IPO in the next 12-18 months
- boAt slipped into the red for the first time in FY23, clocking a net loss of INR 129.4 Cr against a net profit of INR 68.7 Cr in FY22
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