Atomberg Technologies bags investment from Ka Enterprises

By VARINDIA - 2021-09-16

Atomberg Technologies bags investment from Ka Enterprises

Atomberg Technologies has announced an undisclosed amount of funding by Ka Enterprises, the investment arm of the Padukone Family Office as part of their Series-B. The company has previously raised a total of 160 crores till date from A91 partners, IDFC Parampara and Survam Partners.

 

Manoj Meena, CEO & Co-Founder of Atomberg Technologies says, “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”

 

KA Enterprises is the investment arm of the Padukone Family and has previously invested in startups like Epigamia, Blu Smart, Bellatrix Aerospace etc.

 

Deepika Padukone says, “Atomberg’s vision in trying to create smart and energy-efficient consumer appliances for the ever-evolving new-age Indian consumer is something I absolutely 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.”

 

Atomberg’s fans are helping Indian households save up to 65% electricity and 1500-2000 INR per year/fan, by consuming just 28W power at full speed. Atomberg has successfully established its distribution network across 120 cities and also has over 400 service centers pan India. The products are of the highest quality and are also amongst the bestselling and best-rated fans on Amazon and Flipkart. With more than a million Atomberg fans installed across the country, they have become one of the most aspirational brands in this category.


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