Atomberg raises $86 mn from Temasek, Steadview, others
Mint Mumbai|May 30, 2023
Home appliances brand Atomberg Technologies on Monday said it raised $86 million in a Series C funding round led by Singapore state investor Temasek Holdings and India-focused fund Steadview Capital.
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.

Mint was the first to report in March about Temasek and Steadview planning to invest in Atomberg at a valuation of $425 million- ₹450 million.

The fresh 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 said.

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