Atomberg Technologies, the Mumbai-based consumer electronics startup founded by IIT Bombay alumni Manoj Meena and Sibabrata Das, is preparing for a public listing that could raise around $200 million, Bloomberg reported. If market conditions remain favourable, the IPO could launch as early as next year. The listing is expected to include a mix of fresh issuance and secondary share sale from existing investors, allowing Atomberg to raise new capital while also providing partial exits to early backers.
Founded in 2012 by IIT Bombay graduates Manoj Meena and Sibabrata Das, Atomberg started with BLDC ceiling fans and gradually expanded into other household categories including mixer grinders, water purifiers, and smart locks. Its appliances are positioned as energy-efficient and smart tech-enabled, a segment that has seen steady demand, especially in urban markets. The company last raised $86 million in 2023 from Temasek, Steadview Capital, Jungle Ventures and Inflexor Ventures, making it one of the stronger-funded brands in the appliances space.
Atomberg’s move comes at a time when India’s IPO market is seeing strong activity. Companies have already raised $19.6 billion this year, following a record-breaking $21 billion in 2024, signalling steady investor appetite for new-age businesses.
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