Temasek

Atomberg Raises $86M to Transform Indian Appliance Market

Atomberg Raises $86M to Transform Indian Appliance Market

In a significant development for the Indian appliance market, Atomberg Technologies, a leading smart and energy-efficient fan manufacturer, has announced a successful Series C funding round. The funding, amounting to $86 million, was led by prominent investment firms Temasek and Steadview Capital. This significant injection of capital marks a turning point for Atomberg Technologies, setting…

Jain Irrigation Ltd. To Merge With Rivulis To Overcome Debt

Jain Irrigation Ltd. To Merge With Rivulis To Overcome Debt

Jain Irrigation System Ltd., on Tuesday, said that its global irrigation business would be merged with Temasek-owned Rivulis in a cash-and-stock deal. The company took this move to reduce its debt by 45%, or Rs 2,500 cr.  Jain Irrigation’s global business has been valued at Rs 4,200 cr. of which Rs. 2,7oo will be used…