Atomberg Raises Rs 212 Crore to Scale R&D and Market Growth
- Atomberg raises Rs 212 crore in a Series C extension round led by Temasek.
- Co-founders join the round, lifting the company’s valuation to around $500 million.
- Funds to support scaling, product expansion, and ongoing business growth.
Consumer appliances brand Atomberg has raised Rs 212 crore in a fresh extension of its Series C round, with the new funding led by Jongsong Investments (Temasek). The round also saw participation from existing investors and the company’s co-founders, strengthening Atomberg’s financial position as it continues its growth across India.
According to filings with the Registrar of Companies (RoC), the company issued 10,006 Series C1 and C2 preference shares at Rs 2,11,835 per share to secure the new capital. Temasek led the investment with Rs 132 crore, followed by Jungle Ventures and Inflexor Fund, which invested Rs 17.8 crore and Rs 17.9 crore respectively. Co-founders Manoj Kumar Meena and Sibabrata Das together contributed Rs 44 crore.
This extension is believed to be part of a larger funding round expected to include secondary transactions. Based on report estimates, Atomberg’s latest valuation stands at approximately $500 million post-money. With this tranche, the company has raised more than $150 million to date, including its $86 million Series C round in May 2023, also led by Temasek and Steadview Capital.
Founded in 2012, Atomberg has developed a strong reputation for its R&D-driven, energy-efficient consumer appliances, including BLDC and smart fans, mixer grinders, and smart locks. The brand has expanded to over 15,000 retail touchpoints across India.
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Atomberg initially served B2B clients such as Tata Group and Indian Railways before entering the consumer market via Flipkart and Amazon. It later scaled offline distribution beginning in 2018.
The company’s FY25 numbers are yet to be filed. In FY24, Atomberg reported 31% revenue growth, reaching Rs 848 crore, while its losses reduced by 31.7%.
