Atmosphere – The Store Makers, a Mumbai-based innovator in 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.
The funds raised will be used to expand its offerings in the premium retail, hospitality, and workplace ‘Design & Build’ segments, led by its innovative design solutions researched in its factories.
Nilesh Rathod, CEO & Co-Founder at Atmosphere – The Store Makers said, “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.”
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 premiumisation story.”
Founded in 2019 by Nilesh Rathod, Atmosphere offers 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.
The startup claims to have completed over 500,000 sq ft of premium retail work and operates a 60,000 sq ft manufacturing facility. Its unique offerings, such as “Store in Box” and offsite manufacturing, are set to support the rapid growth in retail penetration across India.
Atmosphere has delivered spaces for leading brands, including Aisshpra Gems and Jewels, Aza, Emporio Armani, Kalki Fashions, Akoirah, Kuuraku, Kamat Hotels, Libas, Michael Kors, and Tumi, among others.
