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Ceiling fan maker Atomberg raises $86m led by Temasek, Steadview Capital

Trifecta Capital, Jungle Ventures and Inflexor Ventures joined the round via a mix of primary and secondary transactions. ....

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Atomberg raises $86M in Series C round led by Temasek and Steadview Capital

The company will use the funds to boost manufacturing capabilities, support new product launches, deepen offline presence across key regions, and consolidate the company's position in India’s consumer appliance market. ....

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Atomberg raises $86 mn from Temasek, Steadview, others

Atomberg Technologies, a home appliances brand, has raised $86m in a Series C funding round led by Temasek Holdings and Steadview Capital. The funds will be used to boost manufacturing capabilities, launch new products, deepen offline presence across key regions and consolidate its position in the consumer appliance market. Atomberg has been doubling sales annually in recent years and expects to turn profitable in FY24 with revenues of INR10bn ($136m). The company makes fans with brushless direct current motors and plans to launch new product offerings, such as mixer grinders and smart locks, and enhance its research and development capabilities. ....

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Atomberg raises $86 mn from Temasek, Steadview, others

New investor Trifecta Capital and existing investors Jungle Ventures and Inflexor Ventures also invested in the round through a mix of primary and secondary shares ....

Sandeep Bapat , Ravi Mehta , Sibabrata Das , Manoj Meena , Trifecta Capital , Jungle Ventures , Inflexor Ventures , Steadview Capital , Growth Equity , Partner Sandeep Bapat ,

Atomberg nears raising $90 mn in round led by Temasek, others

The investors have agreed to a post-money valuation of $425 million-$450 million, the people cited above said on the condition of anonymity. Existing investors are also expected to join the fundraising ....

Manoj Meena , Sibabrata Das , Indian Institute Of Technology , Parampara Capital , Jungle Ventures , Indian Institute , Avendus Capital , Steadview Capital , Atomberg Technologies , Pos Money Valuation ,