Tech firm Boat Lifestyle eyes Rs 1,000 cr revenue in FY24 on strong demand

Consumer tech products maker Boat Lifestyle registered gross revenue of over Rs 500 crore in FY2019-20 and aims to double the topline by FY24 on the back of strong demand for products like audio devices and accessories in the country, a top company executive said.

“We had a target of Rs 500 crore revenue in FY21-22, we have already crossed that, we had an outstanding year in FY20. We have grown 2.5X from the previous year…Since inception, our financial performance has been strong and have been EBITDA positive,” Boat Lifestyle co-founder Aman Gupta told PTI.

He added that the company has a sustainable approach to growth, is not burning money like many start-ups and “FY23-24 is where we should do Rs 1,000 crore revenue”.