Flipkart Co-founder Sachin Bansal invested ₹20 crores in audio company boAt

BoAt was lunched in the year 2015, now it's popular in market for offering affordable headphones.

 

According to company, they are selling 5 units every minute and 8000 units per day.

Bansal the Co-founder of Flipkart's ₹20 crores venture debth in boAt will play a vital role in the company.

“Venture Debt definitely helps us keep the capital structure intact. boAt’s financial performance has been strong since inception. Our efficient and lean business model coupled with targeted business insights has allowed the brand to enjoy logical margins so that we can earn money and not burn money,” said Aman Gupta, co-founder, boAt.