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Mumbai based Atmosphere – The Store Makers on Thursday raised INR 5 crore in series seed round funding co-led by Artha Venture Fund and PIL Italica limited.
“The funding will support Atmosphere’s plans to provide customizable solutions for retail and workspace projects,” the press release said.
Speaking on the investment in Atmosphere, Anirudh A Damani, Managing Partner at Artha Venture Fund, said, “The premiumization of retail in India is driven by the rise of the affluent Indian consumer, whose tastes demand exceptional experiences and environments. This shift creates significant opportunities for companies like Atmosphere to address the evolving needs of luxury retail and workspace fit-outs.”
“Backed by the founders’ deep industry expertise, robust manufacturing capabilities, and a strong order book from prestigious clients and given that India is expected to add 5 lakh stores annually from 2022-2026, Atmosphere is strategically positioned to lead the transformation of the retail and office furniture sector. This funding marks a step forward in enabling the next growth phase in India’s evolving premiumization story,” Anirudh added.
With a 60,000-square-foot manufacturing facility and in-house design capabilities, the company provides end-to-end solutions designed to align with brand-specific requirements.
Commenting on the fund raise, Nilesh Rathod, CEO & Co-Founder at Atmosphere–The Store Makers said, “We offer retailers a transformative, end-to-end platform from design to deployment. We provide innovative design, seamless project management, and efficient construction, all backed by scalable furniture and fixture solutions. With top talent, advanced technology, and supply chain mastery, Atmosphere ensures faster, smarter, and more cost-effective retail expansions. This is more than a service—it’s a business advantage.”