Temasek Holdings backed Atomberg Technologies eyes $200M IPO: Bloomberg

Atomberg Technologies Eyes $200 Million IPO Backed by Temasek Holdings

Indian consumer electronics company Atomberg Technologies is reportedly considering an initial public offering (IPO) that could raise around $200 million, according to a Bloomberg report citing individuals familiar with the matter. The company has engaged in talks with investment banks regarding a potential listing and is expected to appoint advisers in the coming weeks.

Proposed IPO Details

• The proposed IPO is anticipated to consist of a combination of new equity issuance and secondary share sales by existing investors.
• The listing could occur as early as 2025, providing an opportunity for Atomberg's current backers to partially exit their investment.

India's Strong IPO Market

Firms have raised approximately $19.6 billion through IPOs this year, following a record $21 billion in 2024, as reported by Bloomberg data. This reflects robust investor appetite for consumer-facing businesses and emerging technology players.

About Atomberg Technologies

• Founded in 2012 by Manoj Meena and Sibabrata Das, Atomberg initially manufactured energy-efficient fans before expanding its product portfolio to include mixer grinders, water purifiers, and smart locks.
• The company raised $86 million from Temasek, Steadview Capital, Jungle Ventures, and Inflexor Ventures in 2023, facilitated through both primary and secondary transactions, as advised by Avendus Capital.
• Atomberg recently reported surpassing ₹1,000 crore in total revenue for the financial year ending 2025.

Challenges and Growth

Despite facing direct competition from established brands such as Bajaj, Sujata, and Orient, Atomberg's growth has been driven by a broadening product range and a rapidly expanding customer base. The company's losses have increased, but remain under controlled expansion.