logo
logo

You're viewing 1 of thousands of funding rounds tracked monthly

Members receive AI-scored leads and instant alerts when companies matching their criteria raise capital. Search all rounds by stage, amount, and investor.

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

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

05/29/23, 8:47 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgnavi mumbai
Money raised
$86 million
Industry
manufacturing
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

Company Info

Company
Atomberg
Location
navi mumbai, maharashtra, india
Additional Info
Atomberg is in the business of revolutionizing India's home appliances, by solving one problem at a time. Our secret weapon? Asking the right questions. Pointed questions about how we can make our customers' daily lives easier. Questions that require granular answers and thoughtful product design.
AI-Powered Intelligence

⚡ Your AI Catches Every Buying Signal

While You Sleep, We Analyze 1,000+ Companies Across All Strategic Moves

Set your ICP once, then wake up to:

💰Companies that just raised capital
🧑‍💼Fresh executive hires in your market
🤝M&A activity and partnerships
🚀Product launches & momentum signals

2 to 50 AI-scored leads daily, by plan

Choose your lead volume:

  • Free: 2 leads/day
  • Starter: 10 leads/day
  • Pro: 25 leads/day
  • Strategic: 50 leads/day

Trusted by teams at Google, Oracle, LinkedIn

Related People

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Mh

Mh • Executive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Sh

Sh • Executive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more