Kharcha Pani | Episode 1234 | 12th December, 2025
Boat– one of India’s most popular audio and wearable brands, is back in the headlines. As the company gears up for its second attempt at an IPO, serious questions are surfacing. Why did founders Aman Gupta and Sameer Mehta step back from their executive roles just days before filing? What did the auditor’s report reveal about the mismatch in Boat’s financial statements and delayed statutory payments? In this episode, we unpack the real story behind the glam image. How India’s coolest homegrown brand found itself under scrutiny for key red flags right before hitting the stock market.
We also look at what this means for investors and the larger startup ecosystem- from employee attrition and governance issues to Boat’s long‑term business play.
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Production: Shruti
Video Editor: Ved
