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- Atomberg Technology
Atomberg Technology Valuation, Funding & Investors
Atomberg Technology is valued at $400M as of May 2023.
Last Atomberg Technology valuation
$400M
Series C · May 2023
Last Atomberg Technology funding round
$86M
Series C · May 2023
Cumulative funding Atomberg Technology raised
$127M
across 5 funding rounds
Key investors in Atomberg Technology
A91 Partners
Jungle Ventures
Trifecta Capital Advisors
Inflexor Ventures
Survam Partners
Temasek
About Atomberg Technology
Atomberg Technology is a Mumbai-based manufacturer of BLDC motor-powered ceiling fans, pedestal fans, table fans, and wall-mounted fans designed for energy efficiency. Launched in 2015, the company integrates IoT connectivity and smart features like timer, sleep, and boost modes via remote controls and apps. Distributed across India through partnerships with Flipkart and Amazon, Atomberg fans consume 65 percent less power than traditional models while maintaining high air delivery.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$400M (May 2023)
Sectors
Atomberg Technology Valuation
Atomberg Technology is currently valued at $400M, based on its Series C in May 2023.
The $86M round was led by Steadview Capital and Temasek, with participation from Trifecta Capital Advisors, Inflexor Ventures, Jungle Ventures and Culture Cap.
Atomberg Technology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Series C | $400M |
Atomberg Technology Funding History
Atomberg Technology has raised a total of $127M across 5 funding rounds.
Atomberg Technology's first fundraising round was a $1M seed round in May 2016. The most recent completed round was a $86M Series C in May 2023.
Atomberg Technology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series C | Steadview Capital (lead); Temasek (lead); Trifecta Capital Advisors; Inflexor Ventures; Jungle Ventures; Culture Cap | $86M | $400M | Atomberg Technology, founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das, is a Mumbai-based consumer appliances brand specializing in energy-efficient products like BLDC fans, mixer grinders, and smart locks, with 95% of business from fans and presence across 25,000 retail touchpoints. The company raised $86 million in a Series C round on May 29, 2023, led by Steadview Capital and Temasek Holdings, with participation from Trifecta Capital Advisors, Jungle Ventures, Inflexor Ventures, and Culture Cap via a mix of primary and secondary issuances, valuing the company between $400 million and $500 million. Funds will expand manufacturing in Pune's Chakan township, enter kitchen appliances like chimneys and cooktops, enhance R&D, grow offline distribution adding 2,000 counters, and scale headcount. Financially, Atomberg nearly doubled revenue to Rs 700 crore in FY23 (ended March 2023), with monthly revenue crossing Rs 100 crore in March 2023 and reaching a $150 million annual revenue run rate by the funding time. Operations revenue grew 2.5x to Rs 356 crore in FY23 from Rs 143 crore in FY21, though net loss was Rs 39.3 crore in FY22. The company holds a leading position in BLDC fans, sells 70-75% offline long-term, and has one plant producing nearly 1 million units monthly, investing in automation. This round follows a $20 million growth capital raise in December 2021 led by Jungle Ventures and Inflexor Ventures. Atomberg competes in India's fast-growing D2C consumer durables market, focusing on innovation, smart tech, and energy efficiency for scalable household products amid investor interest in strong unit economics brands. |
| Dec 2021 | Undisclosed stage | Jungle Ventures (lead); Ramakant Sharma; A91 Partners; Inflexor Ventures | $20M | - | Atomberg Technology is an India-based home appliances manufacturer specializing in energy-efficient BLDC ceiling fans, water purifiers, kitchen appliances, and smart locks. The company was founded in 2012 and is headquartered in Mumbai. It distributes products through an omnichannel model including its own website, major ecommerce platforms like Amazon and Flipkart, and offline retail channels. The company has raised approximately $126.5 million in total funding to date from investors including Inflexor Ventures, A91 Partners, Steadview Capital, Temasek Holdings, and Jungle Ventures. In FY25 (2024-25), Atomberg achieved operating revenue of INR 958.4 crore (approximately $115 million), representing 20% year-on-year growth from INR 797 crore in FY24. The company narrowed its net loss by 41% to INR 117.4 crore in FY25 from INR 199 crore in FY24, demonstrating significant margin improvement. As of early 2026, Atomberg is planning an IPO with a target raise of $200 million and is pursuing a FY27 listing on Indian stock exchanges. |
| Dec 2020 | Series B | A91 Partners (lead); Survam Partners; Trifecta Capital Advisors | $10M | - | Atomberg Technology raised $9.5 million (Rs 70 crore) in a Series B funding round on December 8, 2020, led by A91 Partners with participation from Survam Partners and Trifecta Capital Advisors. |
| Sep 2019 | Series A | A91 Partners (lead); Survam Partners; Sandeep Tandon; Whiteboard Capital | $10M | - | - |
| May 2016 | Seed | Parampara | $1M | - | - |
Who has invested in Atomberg Technology?
12 investors have backed Atomberg Technology across its funding rounds, including A91 Partners, Jungle Ventures, Trifecta Capital Advisors, Inflexor Ventures, Survam Partners and Temasek.
Lead investors include Steadview Capital, Temasek, Jungle Ventures and A91 Partners.
Atomberg Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2019 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Dec 2020 | ||
| 2 | Participant | Dec 2021 | ||
| 2 | Lead | Dec 2021 | ||
| 1 | Lead | May 2023 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | May 2023 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
This data is available for Pro users. Sign up to see all 12 Atomberg Technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAtomberg Technology Competitors
Atomberg Technology competitors include listed companies like Viomi and PowerFleet, and private ones like EZVALO, Smarter, ZEDEDA and Petmate.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $232M | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $362M | $25M | $81M | - | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $444M | $76M | $400M | 1.5x | ||
| Private | - | - | $420M | - |
Atomberg Technology Public Comps
Atomberg Technology is still privately-owned, but its public comps include PowerFleet, Hamilton Beach Brands, Gorilla Technology Group, Fixstars, Hanssem, V-ZUG, Electra Consumer, People & Technology, Ependion and Soracom.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $444M | $76M | 1.5x | 1.5x | 8.8x | 6.5x | |||
| $607M | $42M | 0.7x | - | 9.6x | - | |||
| $101M | ($12M) | 2.6x | 1.5x | (21.4x) | 20.9x | |||
| $62M | $18M | 6.7x | 5.9x | 23.5x | - | |||
| $1.3B | $91M | 0.3x | 0.3x | 4.4x | 6.2x | |||
| $691M | $50M | 0.4x | 0.4x | 5.9x | 4.5x | |||
| $2.5B | $247M | 0.7x | - | 7.4x | - | |||
| $542M | $77M | 1.2x | 1.2x | 8.8x | 11.5x | |||
This data is available for Pro users. Sign up to see all Atomberg Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Atomberg Technology
| When was Atomberg Technology founded? | Atomberg Technology was founded in 2012. |
| Where is Atomberg Technology headquartered? | Atomberg Technology is headquartered in Mumbai, India. |
| Is Atomberg Technology publicly listed? | No, Atomberg Technology is a private, VC-backed company. |
| What is Atomberg Technology's valuation? | Atomberg Technology was last valued at $400M in its Series C in May 2023. |
| How much funding has Atomberg Technology raised? | Atomberg Technology has raised $127M across 5 funding rounds. |
| What was Atomberg Technology's last funding round? | Atomberg Technology's last funding round was a $86M Series C in May 2023, led by Steadview Capital and Temasek. |
| Who are Atomberg Technology's investors? | Atomberg Technology's investors include A91 Partners, Survam Partners, Trifecta Capital Advisors, Inflexor Ventures, Jungle Ventures, Temasek, Ramakant Sharma, Steadview Capital, Sandeep Tandon, Whiteboard Capital and 2 others. |
| Which companies are comparable to Atomberg Technology? | Companies comparable to Atomberg Technology include EZVALO, Smarter, Viomi, ZEDEDA, PowerFleet and Petmate. |
See companies similar to Atomberg Technology
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