Aman Gupta, cofounder of the consumer electronics brand Boat, has successfully raised ₹100 crore (approximately $12 million USD) in seed funding for his new venture, Offbeat Studios. This funding round was led by Bessemer Venture Partners, a firm known for its investments in successful companies like Anthropic and Shopify. Gupta expressed his intent to leverage technology and artificial intelligence for future growth, stating that he sought partners with a global perspective. Offbeat Studios, launched in early March, is expected to function as a venture studio, nurturing new ideas and founders from the ground up. This development follows Gupta's transition to a non-executive director role at Boat in September 2022, as the company navigates challenges in its plans to go public. Boat's IPO ambitions have faced setbacks due to discrepancies flagged by auditors between its financial filings and actual records. Despite these hurdles, Boat reported a net profit of ₹60 crore in the fiscal year 2024-25, a recovery from a loss of ₹80 crore the previous year, although revenue slightly dipped to ₹3,098 crore from ₹3,122 crore.