A91 Partners cashes out US$60.4M from Atomberg ahead of IPO
What's the deal? A91Dealroom has a profile for this one. Try Dealroom → Partners has sold Atomberg Technologies shares worth around US$60.4M, according to the consumer appliances startup's draft red herring prospectus (DRHP), filed ahead of a proposed IPO. A91 had invested roughly US$19.4M in the company — about US$16M as primary capital and US$3.4M through secondary purchases.
Why now? The sale is disclosed in the DRHP as Atomberg prepares to go public. The company has proposed an US$61.1M fresh issue as part of the offering.
The numbers: Atomberg reported US$175.7M in revenue from operations in FY26, up 34.8% from US$130.3M in FY25. Its net loss stood at US$20.2M for the year.
What's the endgame? Despite the stake sale, A91 remains Atomberg's largest shareholder with a 21.02% stake. Its ties date to 2019, when it led the Series A round; it also joined the Series B in 2020.
The signal: A91 is not alone in cashing out early. Atomberg's early investors, founders, and other shareholders have sold shares worth around US$92.8M through secondary transactions since 2019 — Parampara Early-Stage Opportunities FundDealroom has a profile for this one. Try Dealroom → sold roughly US$15.8M, while co-founders Manoj Meena and Sibabrata Das trimmed their holdings too.
Read more: india.entrepreneur.com
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