Noise, India’s homegrown wearable tech brand, has been making waves in the industry with its innovative products and strategic partnerships. While there’s been speculation about a potential Initial Public Offering (IPO), the company has clarified its stance on going public.CIO Insider+4The Economic Times+4The Arc+4
🚀 Company Overview
Founded in 2014 by brothers Amit and Gaurav Khatri, Noise began as a smartphone accessories brand. By 2018, the company pivoted to smart wearables, including smartwatches and wireless earbuds. Noise has since become a significant player in the Indian wearable market, competing with brands like Boat, Boult, and Fire-Boltt.CIO Insider+3Business News Today+3Inc42 Media+3website+2The Economic Times+2CIO Insider+2
📉 Financial Performance
In the fiscal year 2023-24, Noise reported a revenue of ₹1,430 crore, a slight decrease from ₹1,426 crore in the previous fiscal year. The company posted a net loss of ₹20 crore, compared to a profit of ₹88 lakh in FY23. Despite the loss, Noise remains a prominent player in the wearable tech industry. Business News Today+3Inc42 Media+3The Economic Times+3Business News Today+3The Economic Times+3Inc42 Media+3
💰 Recent Funding and Valuation
In April
