Digital Consumer Brand Atomberg Raises $86 Million In Funding From Temasek, Steadview

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