Sunday, January 24, 2021
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

DeepTech Startup Atomberg Technologies secures Rs 70 crore funding led by A91 Partners

Jaleel M. by Jaleel M.
December 10, 2020
in Business
0
DeepTech Startup Atomberg Technologies secures Rs 70 crore funding led by A91 Partners
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter



Atomberg aiming to use funds raised to strengthen distribution networks and build brand awareness.

Related posts

Union Budget 2021: GST continues to be a challenge; govt must make changes to ease compliance burden

Union Budget 2021: GST continues to be a challenge; govt must make changes to ease compliance burden

January 23, 2021
Union Budget 2021: Nirmala Sitharaman should give special focus on financial sector to kickstart economy

Union Budget 2021: Nirmala Sitharaman should give special focus on financial sector to kickstart economy

January 23, 2021

Energy-efficient smart fans maker Atomberg Technologies has raised Rs 70 crore in Series B funding led by A91 Partners. The round also saw participation from Suman Kant Munjal’s family office Survam Partners and Trifecta Capital. With this financing, the startup has raised a total Rs 160 crore till date. It was founded in 2012 by Sibabrata Das and Manoj Kumar Meena.

The Mumbai-based firm plans to use the funds raised to strengthen its distribution networks across all metro and non-metro cities, ramping up its production capacity, and for building brand awareness. The proceeds will also be used to expand its existing product portfolio to include more categories. The startup currently offers various products across ceiling, pedestal, wall, and exhaust fans.

Over the last 12 months, we have grown significantly across all channels. Our offline distribution has grown by leaps and bounds, and we have also consistently been one of the top brands in ecommerce in our category. Our new product launches across ceiling, pedestal, and exhaust fans have been very successful,” said Manoj Meena, CEO and Co-founder of Atomberg Technologies.

“We have successfully scaled up to an annual revenue run rate of Rs 150 crore plus and we are bullish about continuing this rate of growth for the next few years. With this fresh round of funding, we strongly believe we have the right ammunition required to create the kind of consumer brand we visualised a few years back,” Manoj said.

“We believe in partnering with founders building exceptional businesses for tomorrow’s India. Our partnership over the last one year has increased our conviction in the quality of business of Atomberg. They are introducing genuine innovation and design in the consumer electricals space and consumers are loving it,” said Abhay Pandey, Co-founder of A91 Partners.

The company has successfully established its distribution network across 100 cities and also has more than 400 service centres pan India. With more than a million Atomberg fans installed across the country, Atomberg fans are available at more than 6,000 counters across the country.

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.



Source link

Previous Post

Petrol and diesel prices in India hiked for sixth day in a row; rates highest since September 2018

Next Post

OnePlus co-founder Carl Pei secures $7 million fund for new undisclosed venture from investors and friends- Technology News, Firstpost

Next Post
OnePlus co-founder Carl Pei secures $7 million fund for new undisclosed venture from investors and friends- Technology News, Firstpost

OnePlus co-founder Carl Pei secures $7 million fund for new undisclosed venture from investors and friends- Technology News, Firstpost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Oppo to launch ‘localized’ version of Oppo Reno 4 in India

Oppo to launch ‘localized’ version of Oppo Reno 4 in India

8 months ago
China’s anti-virus overtures strike different notes, East Asia News & Top Stories

China’s anti-virus overtures strike different notes, East Asia News & Top Stories

8 months ago
HIGHLY-ANTICIPATED “ROAD TO FAST 9” MIXTAPE HAS ARRIVED

HIGHLY-ANTICIPATED “ROAD TO FAST 9” MIXTAPE HAS ARRIVED

6 months ago
Nathalie Kelley Blasts ABC’s “Tone Deaf” Cancellation of The Baker and the Beauty

Nathalie Kelley Blasts ABC’s “Tone Deaf” Cancellation of The Baker and the Beauty

7 months ago

FOLLOW US

  • 79 Followers
  • 29.5k Followers
  • 82.6k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • KRISTIN LASH & JAKOB GREY Team Up On “Sleeping With The Lights On”

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • A Blackhat Hacker Durgesh Singh Kushwah Tells Us All!

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy