Temasek and Jungle Ventures reportedly eye bigger stakes in Atomberg as the smart appliance maker readies a $30–40 million pre-IPO round after crossing ₹10 billion revenue.
Indian consumer electronics firm Atomberg Technologies is reportedly in advanced talks with investors Temasek Holdings and Jungle Ventures for a $30–40 million secondary funding round. This comes ahead of a planned public listing next year, according to a Mint report.
The investors are negotiating with early backers, including Whiteboard Capital, Inflexor Ventures, and A91 Partners, to acquire part of their stakes. The report stated that existing investors are unlikely to make a full exit before the IPO unless they are offered attractive valuations.
Furthermore, Atomberg is also rumoured to be engaging with external investors to assess its valuation amid strong interest in the company. The fresh round will largely be secondary, with a small primary component, as Atomberg does not immediately require new capital.
However, there has been no official announcement from Atomberg or any of the aforementioned firms.
The development comes two years after Atomberg raised $86 million in its Series C round, led by Temasek and Steadview Capital, valuing the firm at $357 million, according to Tracxn data. Jungle Ventures, Inflexor Ventures, Trifecta Capital, and the Gogri family also participated, with some early investors partially exiting.
Founded in 2012 by IIT-Bombay alumni Manoj Meena and Sibabrata Das, the Mumbai-based startup began with smart, energy-efficient fans and has since diversified into appliances such as mixer grinders and water purifiers.
Atomberg crossed ₹10 billion in revenue in FY25, co-founder Das announced on LinkedIn earlier this year.
Analysts said secondary deals ahead of IPOs are common, helping streamline shareholding structures and signalling confidence from long-term backers. The transactions, they added, pave the way for a smoother listing process.
