The company, which experienced significant growth in its first year, aims to leverage the booming Indian wireless audio market, projected to grow at a compound annual growth rate (CAGR) of 17.22%. GOVO's revenue saw a six-fold increase in the first half of 2023 compared to the beginning of the year. In FY23, the company's revenue ranged between Rs.1.5 million and Rs.2 million (Rs 15-20 crore), and it targets a revenue of over Rs.10 million (Rs 100 crore) for FY24.

With a product range including wired earphones, earbuds, and soundbars, GOVO plans to expand its offerings and market reach, particularly focusing on the 18-30 age demographic. The brand's strong performance and strategic expansion plans position it well for achieving its ambitious financial goals