Atmosphere – The Store Makers Raises ₹5 Cr Funding

Mumbai, December 5, 2024: Atmosphere–The Store Makers, a Mumbai-based bespoke retail and workspace fit-outs, has raised ₹5 crore in a seed funding round co-led by Artha Venture Fund and PIL Italica Lifestyle Limited. 

With the funding, Atmosphere will expand its offerings in the premium retail, hospitality, and workplace ‘Design & Build’ segments, led by its innovative design solutions researched in its own factories, mentions a press release issued by the company. 

Anirudh A Damani, Managing Partner at Artha Venture Fund, said, “The premiumization of retail in India is driven by the rise of the affluent Indian consumer, whose tastes demand exceptional experiences and environments. This shift creates significant opportunities for companies like Atmosphere to address the evolving needs of luxury retail and workspace fit-outs. Backed by the founders’ deep industry expertise, robust manufacturing capabilities, and a strong order book from prestigious clients and given that India is expected to add 5 lakh stores annually from 2022-2026, Atmosphere is strategically positioned to lead the transformation of the retail and office furniture sector. This funding marks a step forward in enabling the next growth phase in India’s evolving premiumization story.”

Nilesh Rathod, CEO & Co-Founder at Atmosphere–The Store Makers “Atmosphere – The Store Makers offers retailers a transformative, end-to-end platform from design to deployment. We provide innovative design, seamless project management, and efficient construction, all backed by scalable furniture and fixture solutions. With top talent, advanced technology, and supply chain mastery, Atmosphere ensures faster, smarter, and more cost-effective retail expansions. This is more than a service—it’s a business advantage.”

Atmosphere aims to establish itself as a one-stop solution provider for premium retail and workspace transformations. The company is also launching a design lab to develop intricate design capabilities and streamline production, meeting the needs of clients who demand precision and innovation.