IPO-Bound Atomberg In Talks To Raise INR 40 Cr In Secondary Capital

Share via:


SUMMARY

The secondary funding round will be led by Forj Capital, with participation from White Whale Partners, renowned YouTuber Tanmay Bhatt, and a few other angel investors

The round will value the company at around INR 5,000 Cr

Atomberg’s early backer A91 Partners will dilute its stake in the round as it aims to bring its ownership to under 20%

Home appliances startup Atomberg, which is gearing up for its IPO, is in talks to raise INR 40 Cr (about $4.8 Mn) in secondary capital in a round led by Forj Capital, with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

IPO-Bound Atomberg In Talks To Raise INR 40 Cr In Secondary Capital


SUMMARY

The secondary funding round will be led by Forj Capital, with participation from White Whale Partners, renowned YouTuber Tanmay Bhatt, and a few other angel investors

The round will value the company at around INR 5,000 Cr

Atomberg’s early backer A91 Partners will dilute its stake in the round as it aims to bring its ownership to under 20%

Home appliances startup Atomberg, which is gearing up for its IPO, is in talks to raise INR 40 Cr (about $4.8 Mn) in secondary capital in a round led by Forj Capital, with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Temu-owner PDD Holdings appoints co-CEO Zhao as co-chairman of...

SynopsisPDD Holdings has appointed Jiazhen Zhao as co-chairman...

iPad $274, M5 MacBook, Apple Pencil, Magic Mouse, more...

Alongside the ongoing Amazon all-time low on AirPods...

TanStack Adds Framework-Agnostic AI Toolkit

The TanStack team has added yet another piece...

Popular