[Funding alert] IIT-Bombay alumni's startup Atomberg Technologies raises money from Hero Group’s Suman Munjal
2 May 2019 5:02 AM GMT
Family office of Hero Group?s Suman Kant Munjal, on Thursday, announced an investment in smart and efficient motor-based home appliance company, Atomberg Technologies. The startup will use the funds from this round to expand operations to other cities while investing in product development.
- Family office of Hero Group's Suman Kant Munjal, on Thursday, announced an investment in smart and efficient motor-based home appliance company, Atomberg Technologies.
- Founded in 2012 by Manoj Meena and Sibabrata Das, Atomberg Technologies entered the ceiling fans industry in 2015, and manufactures energy efficient and smart ceiling fans named Gorilla.
- Currently, Atomberg operates in Mumbai, Bengaluru, Delhi NCR, Ahmedabad, Hyderabad, Chennai, Kolkata, and Pune.
- Founders of Atomberg Technologies: Sibabrata Das (left) and Manoj Meena (right)Speaking about funding Atomberg Technologies, Suman Munjal, said, "We appreciate the niche that Atomberg Technologies has created for itself in the traditional space of consumer durables.