Nov. 10 at 5:45 AM
🚨 boAt before the IPO: What’s really happening behind the waves?
💠Just 29 days before filing for its ₹1,500 crore IPO, co-founders Sameer Mehta (CEO) and Aman Gupta (CMO, and yes—the Shark Tank India one 🦈) quietly stepped down from their executive roles
👀 The company’s DRHP paints a wild picture:
💠Attrition jumped to 34.18%, up from ~27% last year.
💠Revenue dipped slightly from ₹3,122 Cr (FY24) to ₹3,098 Cr (FY25).
💠Yet, profit flipped from a ₹80 Cr loss to a ₹60 Cr profit — thanks to tighter cost control and product innovation.
💠And while the numbers look neat on the surface, here’s the twist — the sharks seem to be selling part of their stake as existing investors through an OFS worth ₹1,000 Cr.
💠So, is this a story of a strong comeback… or a quiet cash-out before the tide turns? 🌊
💠Either way, the boAt is sailing — but the captains might already have jumped overboard.
#SharkTank mein Publicity leke mast chuna lag rahe.
$BOAT $IPO $FINANCE.X
#boatipo
