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

Atomberg Technology Overview

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

IndiaMumbai

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$400M (May 2023)

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

Atomberg Technology valuation by funding round
DateStageValuation
May 2023Series 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

Atomberg Technology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2023Series CSteadview Capital (lead); Temasek (lead); Trifecta Capital Advisors; Inflexor Ventures; Jungle Ventures; Culture Cap$86M$400MAtomberg 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 2021Undisclosed stageJungle 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 2020Series BA91 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 2019Series AA91 Partners (lead); Survam Partners; Sandeep Tandon; Whiteboard Capital$10M--
May 2016SeedParampara$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

Investors in Atomberg Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
A91 PartnersIndiaMumbai3LeadSep 2019
Survam PartnersIndiaNew Delhi2ParticipantSep 2019
Trifecta Capital AdvisorsIndiaGurgaon2ParticipantDec 2020
Inflexor VenturesIndiaHyderabad2ParticipantDec 2021
Jungle VenturesSingaporeSingapore2LeadDec 2021
TemasekSingaporeSingapore1LeadMay 2023
Ramakant SharmaIndiaBangalore1ParticipantDec 2021
Steadview CapitalUnited KingdomLondon1LeadMay 2023
Sandeep TandonIndiaMumbai1ParticipantSep 2019
Whiteboard CapitalIndiaMumbai1ParticipantSep 2019

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Atomberg Technology Competitors

Atomberg Technology competitors include listed companies like Viomi and PowerFleet, and private ones like EZVALO, Smarter, ZEDEDA and Petmate.

Public and private companies comparable to Atomberg Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EZVALOChinaGuangzhouPrivate--$232M-
SmarterUnited KingdomLondonPrivate--$1.2B-
ViomiChinaChinaPublicly listed$362M$25M$81M-
ZEDEDAUnited StatesSan Jose, CAPrivate--$400M-
PowerFleetUnited StatesUnited StatesPublicly listed$444M$76M$400M1.5x
PetmateUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
PowerFleet$444M$76M1.5x1.5x8.8x6.5x
Hamilton Beach Brands$607M$42M0.7x-9.6x-
Gorilla Technology Group$101M($12M)2.6x1.5x(21.4x)20.9x
Fixstars$62M$18M6.7x5.9x23.5x-
Hanssem$1.3B$91M0.3x0.3x4.4x6.2x
V-ZUG$691M$50M0.4x0.4x5.9x4.5x
Electra Consumer$2.5B$247M0.7x-7.4x-
People & Technology$542M$77M1.2x1.2x8.8x11.5x

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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.

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