Amount Raised
$86 Million
Round Type
Funding Round
IndiaManufacturingDescription
Atomberg, a digitally native consumer appliances brand, has raised $86 million in funding led by Temasek and Steadview Capital, with participation from Trifecta Capital and existing investors Jungle Ventures and Inflexor Ventures, through a mix of primary and secondary issuances.The company, founded by IIT Bombay alumni - Manoj Meena and Sibabrata Das - will use the fund infusion to boost manufacturing capabilities, support new product launches, deepen offline presence across key regions. Further, the company aims to expand its offerings including mixer grinders, the ‘Aris’ fan series and smart locks. Additionally, it seeks to enhance R&D capabilities to aid new product launches across various categories.The secondary share sale, as a part of the deal, has provided an exit to early angel investors of the company. Existing investor A91 Partners has also sold a small part of its stake."Our monthly revenue crossed Rs 100 crore in March and currently we are at a $150 million annual revenue run rate," said Das.Atomberg is planning on expanding into two new categories by the 2023 end or early next year, he said
Quick answer
Atomberg raised $86 Million in a Funding Round round, dated May 29, 2023. Atomberg is based in India.
- How much did Atomberg raise?
- Atomberg raised $86 Million in a Funding Round round on May 29, 2023.
- What does Atomberg do?
- Atomberg is in the business of revolutionizing India's home appliances, by solving one problem at a time.
- Where is Atomberg based and how big is it?
- Atomberg is based in India. Fundz records about 1,500 employees.
- Who are the decision-makers at Atomberg?
- Fundz holds 5 contacts at Atomberg, including the Head of Human Resources. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Atomberg that raised within 45 days of this round, from Fundz verified event records.
- TNSR Systems raised $60K (Pre-Seed) on July 13, 2023.
- CoJourney raised $30M (Funding Round) on July 13, 2023.
- Hawk Eye 360 raised $58M (Series D) on July 13, 2023.
- Microoled raised $23M (Funding Round) on July 12, 2023.
- Smartlens raised $6.1M (Series A) on July 11, 2023.
- FononTech raised $2.5M (Seed) on July 11, 2023.
Who to call at Atomberg, and when
A new round usually means Atomberg is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Atomberg raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Atomberg, from your own LinkedIn network
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