Hit with massive data breach, boAt loses data of 7.5 million customers

On April 5, a hacker named ShopifyGUY claimed to breach the data of audio products and smartwatch maker boAt Lifestyle. The threat actor dumped files of data breach with access to PII information of customers, which has 75,50,000 entries. The homegrown consumer electronics company filed its IPO papers in 2021, but deferred it due to market volatility. In October 2022, its parent company, Imagine Marketing, raised Rs500 crore from an existing shareholder, a Warburg Pincus affiliate, and a new investor, Malabar Investments. Overall, the company has raised a total of $177 million to date from investors such as Qualcomm Ventures, InnoVen Capital, Navi Technologies and Fireside Ventures, among others.