Atomberg Technologies moves closer to a Rs. 2,000 crore public listing, highlighting its product expansion, funding growth, and evolving market ambitions amid a competitive electricals sector.
Atomberg Technologies has taken a fresh step towards the public markets, with shareholders approving a plan to raise as much as Rs. 450 crore through an initial public offering, alongside a pre-IPO fundraise of up to Rs. 90 crore. According to the company’s recent corporate actions and coverage in Indian business media, the eventual issue is expected to combine new shares with a sale by existing investors, although the size and timing will still depend on market conditions and regulatory clearances.
The move comes after a series of preparatory steps that point to a broader listing ambition. Moneycontrol reported that Atomberg has appointed Avendus Capital, IIFL Capital, Axis Capital and ICICI Securities to manage a proposed offering of more than Rs. 2,000 crore, while The Times of India said the company has already converted itself into a public limited firm, a standard early step before a listing. Together, those developments suggest the latest board approval is part of a longer run-up to the market, rather than a standalone fundraising decision.
Founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das, Atomberg built its name on energy-efficient brushless direct current fans, then widened into mixer grinders, water purifiers, smart locks and juicers. The company began with business-to-business sales before moving into consumers in 2016, and it has since relied on a mix of online marketplaces, its own website and offline retail to expand its reach, according to company profiles and earlier reporting.
That growth has been backed by prominent investors. LiveMint reported that Atomberg raised $86 million in a Series C round led by Temasek Holdings and Steadview Capital, with Trifecta Capital, Jungle Ventures and Inflexor Ventures also participating. Public company databases say the startup has collected roughly $126.5 million in total funding, helping it build manufacturing capacity, add new products and deepen its offline presence.
The financial picture shows a business that is still loss-making but moving in the right direction. Entrackr reported that operating revenue rose to Rs. 958.4 crore in FY25 from Rs. 796.9 crore a year earlier, while net losses narrowed to Rs. 117.4 crore from Rs. 199 crore. That trajectory matters because Atomberg will now be judged not just on growth, but on whether it can turn scale into stronger margins in a crowded market that includes Havells, Crompton, Orient Electric, Usha, Bajaj Electricals and V-Guard.
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