Chennai: Mumbai-headquartered Atomberg Technologies, a technology-led consumer product startup, has announced a $20 million growth funding round led by Jungle Ventures with participation from Inflexor Ventures.
According to a press release, the round also saw participation from existing investors including A91 Partners and angel investor Ramakant Sharma, co-founder of Livspace.
‘So far, Atomberg has raised a total of $45M since inception. The fresh funds will be used to set up a new state-of-the-art manufacturing facility, scale-up in research and development activities to facilitate category expansion initiatives, as well as to ramp up investments on new distribution and brand,’ it added.