Startup Profile
Boult Audio
Legal entity: Exotic Mile Private Limited
India's #1 rated audio brand, bootstrapped to Rs 700 Cr revenue without external funding
Funding raised
—
Total disclosed
Latest valuation
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Most recent round
Latest revenue
₹697.00 Cr
FY FY24
Employees
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FY FY24
Founders
- Varun Gupta
Co-founder and CEO of Boult Audio. Marketing graduate with expertise in market research and brand strategy.
- Tarun Gupta
Co-founder of Boult Audio. Business graduate who co-leads the company alongside his brother Varun.
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY24 | ₹697.00 Cr | +₹2.50 Cr | — |
| FY23 | ₹498.00 Cr | +₹4.00 Cr | — |
The full story
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Timeline
- 2024-03Reached Rs 700 crore revenue milestone — FY24: Operating revenue increased 40% to Rs 697 crore from Rs 498 crore in FY23. Domestic sales grew 45% to Rs 620 crore; overseas sales remained at Rs 77 crore.
- 2024Recognized as India's #1 rated audio brand in smart hearables — CMR recognized Boult Audio as India's #1 rated audio brand in the smart hearables category in 2024, with #3 ranking in overall wearables (IDC).
- 2023Achieved 341.2% YoY growth in units shipped — Q1 2023: Boult recorded the highest YoY growth rate among competitors with 341.2% unit growth and captured 15.5% TWS market share (second to boAt's 30.6%).
- 2017Company founded with Rs 15 lakh capital — Varun and Tarun Gupta launched Boult Audio with just Rs 15 lakh in capital and initial order of 1,200 units, bootstrapped without external funding.