Avendus Capital advises Atomberg on its USD 86 mn Series C funding round led by Temasek and Steadview Capital

Atomberg is an engineering-led product-first company focused on solving latent consumer problems. Our proprietary tech stack is at the core of every product and has evolved over the years to deliver industry leading products. With this round of fundraising, our focus is on enhancing product development and improving our product suite. We are extremely excited to partner with Temasek, Steadview and Trifecta as we continue on our growth journey to disrupt the Indian consumer appliance market.

Atomberg is on a mission to revolutionize the world of consumer appliances, breathing new life into everyday essentials like fans and mixer-grinders. Our relentless focus on design and innovation has allowed us to reimagine these products, elevating their functionality, performance, and user experience. As we continue on this incredible journey, we are thrilled to partner with Temasek, Steadview and Trifecta, who share our vision for innovation. The continued faith and participation from our internal investors further strengthens our belief system. This round of funding will allow us to accelerate our growth, expand our team, and deliver even greater value to our customers.

We are thrilled to invest in the Series C funding round for Atomberg and support their vision of revolutionizing the consumer appliance market in India. Atomberg's deep engineering expertise and focus on solving consumer problems through innovative products align perfectly with our strategy of backing the fastest growing companies across the consumer and technology sectors in India. We believe in Atomberg’s potential to disrupt the industry and are excited to be part of their growth journey.

The Atomberg management team has consistently demonstrated a strong understanding of the consumer appliances market, leveraging strong R&D capabilities
to develop premium, energy-efficient products. We had the opportunity to support them with venture debt three years ago. Given their ability to redefine the industry through innovation and build a large business, we are now excited to support their growth journey by investing from our Growth Equity Fund.

We are delighted to partner with the Atomberg team on this fundraise. Shibam and Manoj have built an outstanding business focused on R&D and innovation, while keeping the Indian consumer in mind. A backing by global investors like Temasek and Steadview is a strong testament to Atomberg’s immense potential. This
transaction further validates our conviction that ample capital is available for exceptional businesses, as global investors remain excited about the Indian digital and tech landscape.