Mumbai Based Atomberg Raises $1Mn From Parampara Capital

Mumbai-based Atomberg that makes smart, energy efficient home appliances, has raised $1Mn from Parampara Capital.

Atomberg was founded in 2012 by IIT Bombay alumni Manoj Meena and Shibarata Das. The startup will use the newly raised capital for increasing manufacturing capacity, automating the plant, product development and increasing online presence.

Atomberg is also planning to launch smart ceiling fans by next January, and hence the production capacity will be increased to 20,000 per month.Read More…