Consumer product brand Atomberg Technology has raised $20 million in growth capital led by Jungle Ventures with participation from Inflexor Ventures. The round also saw participation from existing investors, including A91 Partners and noted angel investor Ramakant Sharma, Co-founder of Livspace.
Atomberg Technologies, which makes energy-efficient smart fans, will use the funding to set up a new state-of-the-art manufacturing facility, scale-up its R&D activities, as well as to ramp up investments on new distribution and brand.
