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Primebook raises $250K extension round from Ekamya Capital

EntrackrEntrackr · 24d ago
Primebook raises $250K extension round from Ekamya Capital
Medial

Primebook raises $250K extension round from Ekamya Capital Android laptop brand Primebook has raised an additional $250K in a mix of primary and secondary shares from Ekamya Capital, following its $2 million pre-Series A round in April this year at a valuation of $15 million. The company said in a press release that the fresh funds will be used to advance its proprietary operating system, PrimeOS, and strengthen its AI and Cloud PC infrastructure, while also reinforcing brand trust and improving consumer accessibility across India. Co-founded in 2018 by Aman Verma and Chitranshu Mahant, Primebook combines hardware innovation with software intelligence to deliver smart, affordable, student-centric laptops powered by its Android-based operating system, PrimeOS. The Delhi-based company says PrimeOS is designed specifically for learners and students participating in blended online education programs, making it easier for them to understand and use. The laptop supports Android apps, enables seamless switching between applications, and offers a familiar interface for anyone accustomed to Android. PrimeOS offers a desktop-like experience with multi-window multitasking, native Android app support, keymapping to translate touch gestures into keyboard actions for touch-intensive apps, Cloud PC capability, an AI assistant (Companion Mode), AI-powered global search, and more. According to Primebook, its entire ecosystem, including the cloud integration, AI-powered capabilities, and productivity tools forge a new path for how youth today learn, create, and work. As it combines R&D focus with scalable innovation and cost-effectiveness, it aims to expand the definitions of modern computing.

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Android laptop brand Primebook raises $2 Mn in pre-Series A

EntrackrEntrackr · 7m ago
Android laptop brand Primebook raises $2 Mn in pre-Series A
Medial

Android laptop brand Primebook raises $2 Mn in pre-Series A In December 2022, the company had raised $1 million in its seed round co-led by Kundan Group, Brindavan Group, and Infotel Business Solution. The brand has also appeared on Shark Tank India Season 2, where they secured Rs 75 lacs from Aman Gupta and Peyush Bansal. The fresh funds will be used for R&D and product innovation, brand development & awareness, and business growth, Primebook said in a press release. Co-founded in 2018 by Aman Verma and Chitranshu Mahant, Primebook aims to democratize computing for students and digital-first learners. The brand combines hardware innovation with software intelligence to deliver smart, affordable, and student-centric laptops powered by its proprietary Android-based operating system, PrimeOS. The Delhi-based company says that its PrimeOS has been specifically created for learners and students for blended online education programs, making it simpler for students to use and comprehend. The laptop features Android app compatibility, enables simultaneous switching between apps, and is highly simple and effective to use for someone familiar with Android. According to Primebook, it primarily focuses on students, particularly in tier II, III, and IV cities, who may not have access to traditional laptops. Over two years, the brand claims that it has carved out a 5% market share in the under Rs 20,000 laptop segment, showing a YoY growth of 2x.

Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek

EntrackrEntrackr · 19d ago
Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek
Medial

Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek Consumer appliances brand Atomberg has secured Rs 212 crore ($24 million) in an extension of its Series C round led by Jongsong Investments (Temasek), with participation from its co-founders and existing backers. As per regulatory filings sourced from the Registrar of Companies (RoC), the board approved the issuance of 10,006 Series C1 and C2 preference shares at Rs 2,11,835 per share to raise the fresh capital. Temasek led the tranche with an infusion of Rs 132 crore, while Jungle Ventures and Inflexor Fund contributed Rs 17.8 crore and Rs 17.9 crore, respectively. Co-founders Manoj Kumar Meena and Sibabrata Das together invested Rs 44 crore during this round. This appears to be part of a larger ongoing funding round, and Atomberg is expected to raise additional capital for the secondary transactions. As per Entrackr’s estimates, the latest allotment values the company at around $500 million post-money. With this, Atomberg has raised over $150 million to date, including the $86 million Series C round led by Temasek and Steadview Capital in May 2023. Sibabrata Das, co-founder of Atomberg, declined to comment on the queries sent by Entrackr. Founded in 2012 by Meena and Das, Atomberg has built a strong R&D-led product portfolio featuring energy-efficient BLDC and smart fans, mixer grinders, and smart locks. The brand claims a retail footprint spanning more than 15,000 touchpoints across India. Atomberg initially entered the market in 2015, catering to B2B customers such as the Tata Group, Infosys, and Indian Railways before expanding into B2C via Flipkart and Amazon, and later scaling offline distribution from 2018 onward. The company is yet to file its FY25 financials. In FY24, its revenue from operations grew 31% year-on-year to Rs 848 crore, while losses narrowed by 31.7% during the same period.

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