Biography of Aman Gupta: Popular Indian businessman Aman Gupta is the co-founder and CMO of BoAt. Prior to founding BoAt, he was also associated with CitiFinancial, KPMG and Harman International (JBL). He is currently playing in Shark Tank India as one of the Sharks aka Investors on Sony LIV Business Reality.
BoAt’s very first product was an indestructible Apple charging cable and charger. Because original Apple cables bent and broke near the ends, the founder of BoAt brought to market a tough braided cable with a lifespan of 10,000 bends. The product was revolutionary because people wanted something that was long lasting and worked well. The BoAt cable price was ₹1,500 which was much cheaper than Apple products. BoAt’s indestructible Apple charging cable and charger was the top-selling product on Amazon.
Who is BoAt co-founder Aman Gupta?
Born in 1982, Aman Gupta hails from Delhi, India. He completed his education at the Public School of Delhi-R.K. Made from Puram. He then did a Bachelor of Commerce (Hons) from Delhi University. Later, he prepared for CA and became a Chartered Accountant from the Institutes of Chartered Accountants of India.
Boat Founder Aman has an MBA in Finance and Strategy from the Indian School of Business for further study. He was also an exchange student at Northwestern University-Kellogg School of Management and completed his second MBA in General Management and Marketing.
Who owns Boat Founder?
Aman Gupta is the Co-Founder and Chief Marketing Officer of BOAT. BOAT is one of India’s number one headset models, with a whopping 27.3% market share. Aman Gupta’s company managed to generate INR 500 crore in FY2020, regardless of the pandemic outbreak.
Founders of Boat
In 2016, Sameer Mehta and Aman Gupta laid the foundation for the “BoAt” initiative and started working on “fashionable audio products”. In the first two years, the company sold premium rugged headphones, earphones, speakers, travel chargers and cables and achieved success with domestic sales of Rs 100 crore.
Boat Founder Success
BoAt’s first product was Apple’s indestructible charging cable and charger. Because the original Apple cables were bent and broken near the ends, the founder of BoAt introduced a braided line with a lifespan of 10,000 turns. The product was a revolution as people wanted something that would work well and in the long run. The BoAt cable costs ₹1500, which is much more affordable than Apple products. BoAt’s indestructible Apple charging cable and charger became a bestseller on Amazon.
That same year, the company also released the boA BassHeads225. The vision behind the headset was to avoid selling Chinese products in India.
In 2017, the company’s revenue reached Rs 27 crore and exceeded Rs 108 crore in 2018. BoA sold more than 6,000 units per day and four units per minute.
The company exceeded Rs 500 crore in revenue in FY2020, with a growth of 108.8% compared to FY2019. It was a profitable business for five consecutive years.
The company currently has 5,000 retail stores supported by 20 distributors. Sales of more than 10,000 units per day and four million units per year. It has reached 20 million Indians, and nearly 80 per cent of its sales come from e-commerce channels like Amazon and Flipkart.
BoA has become the fifth largest wearable brand in India, along with Apple and Samsung, and is a strong brand globally.
- Before co-founding, BoAt Aman served as India Sales Director for Harman International and was associated with the company from 2012-to 2013.
- Worked as Assistant Manager at CitiBank between 2003-2005.
- Before BoA, he was the co-founder and CEO of Advanced Telemedia Pvt Ltd. Between 2005-2010.
- Aman also worked as a Senior Management Consultant (Strategy Services Group) at KPMG.
- He is also a co-founder of Imagine Marketing India.
- He was also Chairman of the D2C Council at the Indian Mobile and Internet Association.
About Boat’s Business And History
The first product of the “BoAt” was an indestructible charging cable and charger from Apple. Apple’s line was breaking towards the end of charging, and buyers had to cover it up. The boAt has launched a strong braided cable with a life cycle of 10,000 twists. The price was 1,500 rupees. This product became the top seller on Amazon.
They also released the BassHeads225 boat in 2016. Its vision was to avoid any other method from Chinese products. In 2017, the turnover of the vessel reached Rs 27 billion; in 2018, it exceeded Rs 108 billion. It sold more than 6,000 units daily, with four units per minute.
boat currently has 5,000 retail stores supported by 20 distributors. It sells more than 10,000 daily and four million units per year. You have reached 20 million Indians so far. About 80 per cent of sales come from e-commerce channels like Amazon and Flipkart.
Aman Gupta’s Net worth
According to research, Aman Gupta’s internet price is 95 million dollars. The net worth of Aman Gupta is estimated to be in the billions of millions. He has made a significant profit from his business and is about to become a millionaire.
The ship was founded in 2015 and generated revenue of Rs 500 crore in fiscal 2020, an increase of 108.8% over the previous year. Headphones, stereo headphones, portable chargers and heavy-duty cables are available from Boat.
The bottle is currently available in 5,000 stores and is supported by 20 distributors. The company promises to sell more than 10,000 devices per day and four million units per year and has already served 20 million Indians.
According to research, the salary of Aman Gupta from BOAT is around INR 40 crore for 12 months. However, Aman Gupta’s assets and income from various business ventures were not disclosed.
Family and Life
Jyoti Kochhar Gupta is Aman’s mother, and Neeraj Gupta is her father. She also has a brother named Anmol Gupta. His family is small and happy. They have been active in Delhi since Aman Gupta was born there. Aman married and married his wife, Priya Dagar, in 2008. Mia and Adaa Gupta are her two daughters.
Aman Gupta is 39 years old as of December 2021. The boat is an Indian company established in November 2013. The co-founders hope to develop a global audio business outside of India.
Aman Gupta Shark Tank India Prices
Aman Gupta is a lively young shark. They are all part of the latest Indian initiative Shark Tank India. However, Aman Gupta clicked on a plan for 75 lakh INR for six years with Persecute.
Is BoAt an Indian company?
The boAt is an India-based consumer electronics brand established in 2015 that markets earphones, headphones, stereos, travel chargers and premium rugged cables. Imagine Marketing Services Private Limited, which does business as BoAt, was incorporated in November 2013 by co-founders Sameer Ashok Mehta and Aman Gupta.
Undoubtedly, Aman Gupta is a self-taught entrepreneur, co-founder, and CMO of BOAT, the largest audio-focused consumer electronics brand. Aman was one of the Sharks (The Judge) in the Indian TV reality show ‘Shark Tank India,’ which turned out to be a giant hit. On the front, Aman invested a decent amount of money in startups against good stocks, but do you know how much equity he has in his founding company, BOAT? BoAt owns a 28.1% stake, while another co-founder Sameer Mehta owns 28.1%, Warburg Pincus 36.2%, Fireside Ventures 3.7%, and Qualcomm Ventures the remaining 2.6%.
The boat was valued at around Rs 2,200 Billion when it last raised Rs 50M from Qualcomm Ventures in April last year and is expected to seek a valuation of $1,500-$2,000B in an initial public offering this year, ET reported.
Ashneer Grover, the managing director and co-founder of digital payments stage BharatPe, was accused of his rude and arrogant behavior at Shark Tank India after his leaked harsh voice went viral. so, Ashneer Grover’s name has been involved in a lot of controversy in the recent past. Therefore, Ashneer Grover’s net worth is estimated at 700 crores with a 9.5% stake in BharatPe, business partner Shashvat Nakrani owns 7.8%, Sequoia Capital India 19.6%, Ribbit Capital 11%, Beenext. 9.6% stake and Steadview Capital has a 4.1% stake. %, Tiger Global owns 3.7%, and others own the remaining 22.3% of the company. BharatPe founder, who has invested in businesses included in Shark Tank India, now has his own business under the scanner and has demanded Rs 4,000 crore from investors for his 9.5 percent stake if they want him to leave the company.
Peyush Bansal is the co-founder and CEO of Lenskart and is undoubtedly one of the most successful entrepreneurs in India, with a net worth of 600 crores. Peyush Bansal became India’s favorite shark on the Indian TV reality show Shark Tank India, more so for his honest comments, encouraging entrepreneurs and showing his faith in brands while most sharks are on the show. He chose to be ‘out.’ There is no doubt that Peyush’s hard work and determination have helped Lenskart reach new heights. The company always prioritizes the customer and aims to provide the best service. Let’s talk about her stake in Lenskart. She has an 8.21% stake in the company, apart from Neha Bansal 8.18%, SoftBank 20.12%, Premji 11.15%, Kedaara Capital 9.55%, TR Capital% 8.28. . , UNILAZER 6.59%, International Finance Corporation 5.36%, Steadview 5.32%, and others 17.24% in Lenskart.
Ghazal Alagh is the Mother, Director, and Chief Innovation Officer of ‘Mamaearth,’ India’s first toxin-free baby care brand. The Shark Tank India judge has an estimated net worth of 148 crore and holds a 3.58% stake in Mamaearth, while her husband and co-founder Varun Alagh holds a majority stake of 38.72%. Other shareholders, Sequoia Capital India 15.22%, Fireside Ventures 12.04%, Stellaris Ventures 10.42%, Sofina Ventures 8.25%, Bollywood actress Shilpa Shetty Kundra 1.32% and others own 10.44% stake in the company.
Also Read: Marvell Technology Summer Internships
Review Boat Founder.