Oben Electric raises Rs 50 crore; total Series A funding hits Rs 100 crore

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Here’s the information extracted regarding Oben Electric’s recent funding:

Startup:

  • Name: Oben Electric

Founders:

  • Name: Madhumita Agrawal (Founder and CEO)

Funding Details:

  • Series: Series A
  • Total Amount Raised: Rs 100 crore in Series A funding (Rs 50 crore in the latest round)
  • Date of Fundraise: Last reported on Wednesday (exact date not provided)

Investors:

  • New and Existing Investors:
    • Helios Holdings
    • Sharda family office
    • Kay family
    • Other new and existing investors

Purpose of Funding:

  • Expand distribution network to over 150 showrooms across over 50 cities by FY26
  • Fast-track product development of the new ‘O100’ platform
  • Scale up the Bengaluru manufacturing facility
  • Strengthen the after-sales service network

Additional Notes:

  • Total capital infusion to date: Rs 200 crore
  • Rapid scaling with 37 retail outlets across 26 cities in 13 states

If you need any more specific details or information, feel free to ask!

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2025-06-18 06:10:00