Atomberg Financials 2025: Revenue, Profit, Valuation, Shareholding Pattern & Cap Table

Introduction

Atomberg Technologies, founded in 2012 by Manoj Meena and Sibabrata Das, is a Mumbai-based consumer appliances company specializing in energy-efficient smart fans, mixer grinders, and smart locks. Over the years, the company has leveraged technological innovation to deliver BLDC fans with remote control, sleep mode, and voice integration, establishing a strong presence across online and offline channels. With a commitment to sustainability and product excellence, Atomberg has expanded its portfolio and distribution network rapidly. This overview provides insights into Atomberg’s financial performance, funding journey, and strategic outlook.

Company Snapshot & Financials FY24

Founding Year	2012
Headquarters	Mumbai, Maharashtra, India
Valuation	₹2,940 Crore (as of June 2023)
Total Funding	~$130 Million over 8 rounds
Users / Units Sold	Over 8 million units sold to date
Employees	~956 (as of Apr 2025)
Revenue FY24	₹848 Crore
Net Profit (PAT) FY24	₹202 Crore Loss
EBITDA Margin FY24	-3% (operational)
ROCE FY24	Data not publicly disclosed; previous FY23 was -43%

Funding History

Round	Date	Amount	Valuation	Investors
Series C	May 29, 2023	$86M	~$425–450M	Temasek, Steadview Capital, Jungle Ventures, Trifecta Capital, Inflexor Ventures
Series B	Dec 2021	$20M	$150M	Jungle Ventures, A91 Partners, Ramakant Sharma (angel)
Series A	Dec 2020	$9.4M	~$50M	Trifecta Capital, A91 Partners, Survam Partners, Suman Kant Munjal Group
Earlier Rounds / Seed	Jul 2015 – 2019	Undisclosed	Undisclosed	Various angel investors and early-stage funds

Revenue and Profit Trends

Atomberg’s revenue grew significantly from ₹346 Crore in FY22 to ₹645 Crore in FY23, and further to ₹848 Crore in FY24, reflecting robust market demand for its energy-efficient products. However, net losses widened due to increased investment in R&D, ESOP grants, management bonuses, and fundraising costs. The company’s operational EBITDA improved from a larger loss in FY23 to a narrower loss in FY24, indicating progress toward operational efficiency. Continued scale and cost optimization aim to bridge toward profitability.

Expense Efficiency & Margins

Expense per revenue rose from ₹1.12 per ₹1 earned in FY22 to ₹1.22 in FY23 due to expanded marketing, employee costs, and warranty expenses, then improved to approximately ₹1.03 in FY24 as operations scaled. EBITDA margin likewise declined to around -19% in FY23 from -11% in FY22, then improved to -3% operationally in FY24. This trend highlights initial investment-led margin pressure, followed by efficiency gains as scale expanded.

Employee Trend & Insights

Atomberg’s headcount expanded in line with its rapid growth: from an estimated ~600 employees in FY22 to ~850 in FY23 and ~956 by FY24, reflecting investments in R&D, production, sales, and customer support. The rising employee cost supported new product development and broader distribution, underpinning future revenue diversification. Continued hiring focuses on engineering, manufacturing, and marketing to sustain innovation and market expansion.

Strategic Growth, Plans & IPO

Expand product portfolio beyond smart fans into mixer grinders, smart locks, kitchen appliances, and water purifiers, leveraging R&D investments.
Strengthen offline distribution network (25,000+ counters) while enhancing direct-to-consumer online channels.
Invest in manufacturing capacity (new Pune facility) to meet growing demand and optimize unit economics.
Pursue operational profitability by end of current fiscal through cost optimization and scale benefits.
Evaluate IPO readiness by monitoring sustained profitability, market share growth, and regulatory environment.

Latest News

In October 2024, Atomberg reported a 31.4% rise in revenue to ₹848 Crore for FY24, though net loss widened to ₹202 Crore due to ESOPs and fundraising costs. The company improved operational EBITDA significantly, aiming for profitability. Series C funding of $86M led by Temasek and Steadview in May 2023 has fueled expansion into new product lines and capacity enhancement. Continued positive sales trends and cost efficiencies set the stage for breaking even soon.

Overall Summary

Metric	Detail & Insight
Employees	~+59% (600 → 956) ↑ reflecting expansion in R&D and sales functions to support growth.
Revenue	₹346 Cr → ₹848 Cr ↑ strong growth driven by core fan products and expanding offerings.
PAT	₹39 Cr loss → ₹202 Cr loss ↓ due to heavy investments in ESOPs, R&D, marketing; expect narrowing as scale improves.
EBITDA Margin	-11% → -3% ↑ operational efficiency improving with scale despite earlier investment pressures.
Strategic Investments	Continued R&D facility in Pune; funding for product diversification; expanding manufacturing and distribution networks.
IPO Status	Preparing for eventual IPO once sustained profitability and growth trajectories are validated.
Expansion Focus	Diversify beyond fans into kitchen appliances, smart home devices, water purifiers; deepen offline and online reach.
Latest News	Series C funding of $86M in 2023; FY24 revenue ↑31% but losses widened; operational EBITDA turning positive quarters, nearing profitability.

Atomberg’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)