Household electrical appliance manufacturer Atomberg Technologies has announced raising $10 million in Series A round which was led by IFC backed venture capital firm A91 Partners.
The startup would utilize the proceeds to develop distribution channels in cities across India and to launch more products based on its brushless DC electric motor (BLDC) technology. The company currently offers a range of energy-efficient fans and had previously raised around $2.5 million from IDFC Parampara and Survam Partners. (Source)
