A91 Partners drives Rs 70 Cr Series B round in Atomberg Technologies

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Atomberg Technologies

Consumer appliance startup Atomberg Technologies has brought Rs 70 crore up in its Series B round drove by A91 Partners. The round additionally observed investment from Trifecta Capital and Survam Partners, the family office of the Suman Kant Munjal gathering.

Atomberg had last brought $10 million up in its Series A round drove by A91 Partners in September 2019 and has raised a sum of Rs 90 crores till date. The new finances will be utilized by the Mumbai-based firm for growing the current item portfolio, sloping up creation limit and for building brand mindfulness.

“In the course of the most recent a year, we have developed altogether over all channels. Our disconnected dispersion has developed significantly, and we have likewise reliably been one of the top brands in web based business in our classification,” said Manoj Meena, CEO and prime supporter of Atomberg Technologies in an official statement.

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Dispatched by Meena and Sibabrata Das in 2012, Atomberg is a brilliant and proficient engine based home machine organization and is centered around making a scope of energy-productive fans. These items are accessible on all web based business sites and in excess of 6000 counters the nation over.

Atomberg has an assembling office at Navi Mumbai with a limit of 100,000 fans/month and more than 400 help places across India. The firm further cases to have arrived at an income run pace of Rs 150 crore.

Glided by previous Sequoia Capital’s overseeing chiefs VT Bharadwaj, Gautam Mago, and Abhay Pandey, A91 Partners had shut its lady reserve at $350 million in May a year ago to contribute on ahead of schedule to development stage privately owned businesses across shopper, medical care, monetary administrations, and innovation areas.

Recently, A91 had made a venture of $20 million in microlender Aye Finance through an auxiliary offer of offers. Following the arrangement, the VC firm procured the stake of Accion Venture Lab and offered 3X exit as a trade off to the Aye Finance’s initial patron.

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