🎧 boAt’s back in the green

 
07 October 2025View in Browser
 
 
 

TOGETHER WITH

 
 

Hello,

 

It was a busy day at the bourses.

 

Tata Capital’s Rs 15,512-crore IPO—the largest public issue this year—was subscribed 39% on day one, with the employee reserved portion oversubscribed 1.1X. According to InvestorGain, the unlisted shares of the company were trading at nearly 4% grey market premium over the IPO price.

 

Meanwhile, WeWork India is having a tough time with muted interest. Its Rs 3,000-crore issue was only subscribed 13% on day 2 of bidding, though more retail investors showed up.

 

This tepid investor interest hasn’t deterred companies from lining up to go public.

 

Omnichannel eyewear retailer Lenskart received approval from SEBI to launch its IPO, which, according to reports, will likely happen mid-November. The public offer comprises a fresh issue of equity shares worth up to Rs 2,150 crore and an offer for sale of up to 132.29 million shares.

 

Wakefit, too, got the nod from the market regulator for its IPO, with a potential size of up to Rs 2,000 crore. 

 

In other news, India has got its newest unicorn

 

Stockbroking platform Dhan’s parent company, Raise Financial Services, has raised $120 million in a Series B funding round, valuing the firm at about $1.2 billion.

 

In today’s newsletter, we will talk about 

  1. boAt climbs back to profitability
  2. The healthcare 2.0 revolution
  3. Gendered impact of the climate crisis

 

Here’s your trivia for today: Where was the fortune cookie invented as an after-dinner dessert?


 


Insights

boAt climbs back to profitabilityImagine Marketing, the parent company of wearables brand boAt, has returned to profitability, albeit at the cost of revenue growth.

 

The company’s turnaround comes after two years of posting consistent losses. Delhi-NCR-based boAt posted a consolidated net profit of Rs 60 crore in FY25, against a net loss of Rs 79.7 crore in FY24, according to a press note.

 

Financial turnaround:

  1. boAt reported a marginal dip in its consolidated revenue to Rs 3,097.8 crore, helped by traction in audio as well as in new businesses. The company posted Rs 3,117.6 crore in revenue from operations in FY24.
  2. It posted an EBITDA of Rs 142 crore in the financial year ended March 31, 2025. During the same period, it nearly halved its working capital from holding 71 days of inventory to 36 days, allowing it to be more financially agile.
  3. During the year, the company improved its use of sales channels by adding quick commerce as an important segment along with ecommerce, offline retail, and exports.

Know More


 

Funding Alert

 
 
  1. Raise Financial Services: $120M| Series B
  2. JSW One Platforms: Rs 235 Cr | Undisclosed
  3. GreyLabs AI: Rs 85 Cr | Series A

Together with MumbaiHacks

MumbaiHacks 2025: The Agentic AI Revolution is Calling

After setting the Guinness World Record for the largest Gen AI hackathon in 2024, MumbaiHacks 2025 is returning for an even bigger showcase, bringing together thousands of professionals, students, and tech enthusiasts who will shape the future of Agentic AI in India.

 

The competition unfolds across two crucial rounds: starting with a challenging online selection round, which will culminate in an exclusive on-ground finale in Mumbai.

 

Participants will tackle real-world challenges in Healthtech, Fintech and Misinformation. This is your chance to add to your Github portfolio while expanding your network and being judged and mentored by top founders & industry veterans.

 

MumbaiHacks is the strategic nexus for career acceleration, where teams will compete not only for industry recognition, but also for a massive prize pool of Rs 50 lakhs in cash and rewards.

 

Round 1 Submission (Virtual): October 17th

Round 2: November 28th–29th, NESCO, Mumbai

 

The countdown has begun. Will your idea make it to Round 2?

 

Submissions for Round 1 end on 17th October.

 

Register & pitch your idea now! 

 


Startup

The healthcare 2.0 revolutionIn 2021, when the world was dealing with the COVID-19 pandemic, Rishabh Jain and his brother, Rohan Jain, found a gap in preventive healthcare. While people became more aware of immunity, recovery, and preventive health, choices beyond gyms and traditional medicine were limited.

 

This is where Wellness Co comes in. The startup operates centres across India, which offer more than 50 therapies and diagnostic services, combining advanced medical technology with personalised health protocols.

 

Personalised solutions:

  1. Some of the more popular therapies offered at the centres include cryotherapy, where a person steps into a chamber cooled to minus 100 degrees Celsius for four minutes; hyperbaric oxygen, where clients breathe pure oxygen inside a pressurised pod, which helps detoxify the lungs; red light therapy, and IV drips.
  2. The Wellness Co follows a B2C membership-based model, with pricing starting at around Rs 5,000 for a single trial session. Memberships range from Rs 75,000 to Rs 1 lakh per month, depending on the programme and diagnostic tests included.
  3. The company closed FY25 at around Rs 40 crore in revenue and expects to cross Rs 50 crore in FY26, with its current valuation reported as Rs 250 crore, according to Rishabh. 

Know More


Insights

Why do more women opt for C-sections?The Gender Snapshot 2025 report, released recently by the UN, warns that climate change is not gender-neutral. 

 

The report indicates that existing adaptation and humanitarian systems systematically fail women and points to the absence of gender-specific climate action that takes into account women’s needs. 

 

From safety challenges and poor health to consequences such as violence and death, assumed roles and responsibilities, burden of care, and social norms ensure that women are impacted more severely in cases of climate disaster-induced displacement. 

 

Know More


From The CapTable

AI trainers are overqualified. But their alternatives are worseLast August, Priyanka (name changed) was scrolling through LinkedIn looking for content writing jobs when she spotted what seemed like a perfect match. She applied, got called for an interview, and was offered a position. But when she started work, M Phil degree in hand, she discovered the job was nothing like what she had signed up for.

Instead of writing content, which she expected to at least satisfy her creative side, she spent her days feeding prompts to Meta’s Llama. No creative writing, no storytelling, just interactions with a machine all day long. 

“I was shocked to find out that this is what I had to do. I have an M Phil degree and doing this is not what I had ever imagined,” she said. 

She knew this wasn’t a job she would stick with for long, but she needed the income. So she stayed for nearly a year, doing work that felt far beneath her qualifications.

To be sure, tech companies focusing on AI models often require subject expertise and seek candidates with highly advanced degrees. However, the professionals filling up these roles perceive them as repetitive and menial, though the compensation is attractive.

Many like Priyanka are part of this growing army of overqualified Indians now working as AI trainers, AI raters, and data annotators. Thousands of professionals with Master’s degrees, M Phils, and PhDs are being hired to train artificial intelligence systems on how to respond to queries about health, economics, medicine, and countless other domains. They research information, provide responses, and pass these on to others who verify accuracy. Others label raw data that trains AI systems, much like content moderators once did for social media.

While the job may be boring, it still helps pay the bills. In a country with a high unemployment rate where millions apply for a peon’s job, many see it as a useful stop-gap—a temporary detour—before getting back on track to the desired career path.

Continue Reading


 

News & Updates

 
 
  1. AI alliance: Advanced Micro Devices shares soared after it signed a deal with OpenAI to deploy 6 gigawatts of AMD graphics processing units over multiple years. The company also gave OpenAI a warrant for as many as 160 million shares at a penny apiece, equivalent to about 10% of its outstanding stock.
  2. Gloomy outlook: Aston Martin warned of losses and lower sales, blaming the shortfall on higher US tariff costs and slower demand in China. The carmaker forecast that adjusted loss before tax and interest would be greater than 110 million pounds, the lower end of the consensus of analysts’ expectations.
  3. Big Tech probe: French prosecutors are investigating tech giant Apple’s voice assistant Siri after receiving a complaint accusing the company of illicit data collection.

 

Here's what else we have for you

 
 

Is performance vs. ‘Total Cost of Opportunity’ the new equation for AI-native enterprises? Tech leaders weigh in

In Partnership with Couchbase
 
Is “Total Cost of Opportunity” the new TCO for AI-native enterprises?

Downtime isn’t just an infra problem but also lost revenue and lost trust. Tech leaders unpacked this reality at a closed-door roundtable on ‘Minimising TCO, Maximising Performance in a Cloud-Native, AI-Driven World’, hosted by Couchbase and YourStory.

As AI-native enterprises scale, the conversation is shifting: TCO is no longer just Total Cost of Ownership but also becoming Total Cost of Opportunity. Because the hidden costs are beyond the bill; they show up in missed agility, delayed decisions, lost revenue, and eroded trust.

Key takeaways:

  • Performance vs. opportunity: Missed scaling during festive sales or downtime in fintech transactions can mean crores in lost growth. Global 2000 firms already lose $400B annually due to digital failures.
  • Cloud & data sprawl: Too many stacks = higher costs + complexity. Standardization and hybrid models are emerging as smart solutions.
  • Hidden cost drivers: Decision latency, onboarding delays, and India’s 15–20% tech attrition rate all add to TCO
  • .AI-driven cost intelligence: Observability, forecasting, and hybrid architectures are key to balancing agility and cost in India’s $300–500 billion AI economy.
Read how enterprises are reframing TCO for the AI era, and why Total Cost of Opportunity may be the new metric that matters.
 

Know More


Four Tamil Nadu startups rewriting the rules of safety, health, and access

In Partnership with Startup TN
 
From safer factories to smarter credit and magical storytelling, Tamil Nadu startups are redefining innovation.
 

Discover how four trailblazing ventures are tackling India’s most overlooked challenges in safety, health, finance, and childhood care, scaling solutions with empathy and technology.

 

Read More


 

Did you know?

 
 

Where was the fortune cookie invented as an after-dinner dessert?

 

Answer: The US. They were likely invented by early Japanese immigrants between the 1880s and 1900s.

 
 

We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail nslfeedback@yourstory.com.

 

If you don’t already get this newsletter in your inbox, sign up here. For past editions of the YourStory Buzz, you can check our Daily Capsule page here.

 
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