Sachin Bansal's BAC Acquisitions to invest ₹20 crore in boAt

Flipkart Co-founder Sachin Bansal’s co-founded fund BAC Acquisitions (BACQ) has committed a venture debt of ₹20 crore to Mumbai-based consumer electronics brand ‘boAt’. Founded by Aman Gupta and Sameer Mehta in 2016, ‘boAt’ is a consumer tech brand which manufactures electronics products including earphones and headphones, among others. The brand raised ₹6 crore from Fireside Ventures in May 2018.