BENGALURU : Indian home appliances company Atomberg Technologies on Monday said it has raised $86 million in a fresh funding round, led by Singapore's Temasek Capital and India-focused asset manager Steadview Capital Management LLC.'With this round of fundraising, our focus is on enhancing product develop
BENGALURU : Indian home appliances company Atomberg Technologies on Monday said it has raised $86 million in a fresh funding round, led by Singapore's Temasek Capital and India-focused asset manager Steadview Capital Management LLC.
"With this round of fundraising, our focus is on enhancing product development and improving our product suite," Chief Executive Manoj Meena said in a statement.Trifecta Capital, along with existing investors Jungle Ventures Pte Ltd and Inflexor Ventures LLP, also participated in the Series C round via a mix of primary and secondary issuances, the company said.
Atomberg, which competes with Havells India Ltd and Crompton Greaves Consumer Electricals Ltd in its mainstay product - fans - reached a record revenue of 1 billion rupees in March, Chief Business Officer Arindam Paul said in a tweet.
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