Mumbai-based Atomberg Technologies has announced that it has raised an undisclosed amount in a Series B round from Ka Enterprises, an investment arm of Padukone Family Office.
The company has previously raised a total of 160 crores to date from A91 partners, IDFC Parampara and Survam Partners.
Commenting on this announcement, Manoj Meena, CEO & Co-Founder of Atomberg Technologies said, “We have seen tremendous growth in revenue across all the channels in the last 18 months. This investment from the Padukone Office is another validation of the impact that we have created so far and also the vision that we have for disrupting the consumer durable space in India”
Speaking on the funding in Atomberg Technologies, Deepika Padukone has said, “Atomberg’s vision in trying to create smart and energy-efficient consumer appliances for the ever-evolving new-age Indian consumer is something I relate to. The team, over the last 5 years, has demonstrated that they have all the key elements to create a truly valuable and differentiated consumer brand.”
