A91’s Atomberg Bet: Rs 143 Cr Invested, Rs 445 Cr Stake Sold, 21% Retained

A91 Partners invested around Rs 143 crore in Atomberg through a mix of primary and secondary transactions, according to the company’s draft red herring prospectus filed ahead of its proposed IPO. Of this, around Rs 118 crore was primary capital, while Rs 25 crore came through secondary transactions.

The secondary purchases helped provide exits to some early shareholders, including founders and Parampara Early Stage Opportunities Fund. For readers tracking startup cap tables, the key point is that Atomberg’s IPO filing offers a clearer view of how ownership and liquidity have evolved since 2019.

A91 has sold shares worth approximately Rs 445 crore against its total investment of around Rs 143 crore. Despite these partial exits, the fund remains Atomberg’s largest shareholder with a 21.02% stake as of the DRHP date.

The disclosures show how early institutional investors can realize liquidity before a public listing while continuing to hold meaningful exposure. A91’s involvement dates back to 2019, when it led Atomberg’s Series A round, and it also participated in the company’s Series B round in 2020.

Atomberg has seen broader secondary transactions involving early investors, founders and other shareholders, with shares worth around Rs 683 crore sold since 2019. A91 was the largest seller with about Rs 445 crore in sales, followed by Parampara, which sold shares worth around Rs 116 crore.

Atomberg co-founders Manoj Meena and Sibabrata Das also sold part of their holdings. These disclosures matter because they help readers distinguish fresh capital raised by the company from liquidity created for existing shareholders.

Founded by Manoj Meena and Sibabrata Das, Atomberg began with energy-efficient BLDC fans and later expanded into other home and kitchen appliances. The company reported Rs 1,293.77 crore in revenue from operations in FY26, up 34.8% year-on-year.

Its net loss stood at Rs 149 crore. For IPO watchers, the combination of revenue growth, losses, investor exits and retained stakes will be central to understanding the company’s public-market story.