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INNOVATIVE VENTURES: EXPLORING INDIA'S TOP 5 CONSUMER ELECTRONICS STARTUPS
The Business Guardian
|March 14, 2024
Indian Consumer Electronics is one of the fastest growing industries in India with great potential and several opportunities to offer for Indian start-ups. As per reports, Consumer Electronics market amounts to USD 71,177 million in 2022 and is expected to grow annually by 5.76%.
Consumer Electronics stands at the forefront in India economy with the introduction of numerous new gadgets and gizmo. As India is world’s largest consumer markets, many foreign players are also keen to make India their base to cater customers. The category itself has undergone a significant change with consumers moving away from products with low-cost offerings, to gadgets that cater to specific needs and design.
Start-ups in Indian consumer electronics industry have extensive business opportunities. Here are some of the fastest-growing consumer electronics startups that have emerged out in the Indian market.
boAt
boAt is one of India’s leading consumer electronics brands, specializing in audio products and accessories. Founded in 2016 by Aman Gupta and Sameer Mehta, it has rapidly gained traction for its trendy and youth-centric designs. The company’s product range spans headphones, earphones, speakers, and wearable devices.
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