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Published 29 July 2026 · finance

Next Atomberg's funding plans; Neocloud firms eye India capacity Want this newsletter delivered to your inbox? Also in the letter Atomberg engineering arm eyes funding

Next Atomberg's funding plans; Neocloud firms eye India capacity Want this newsletter delivered to your inbox? Also in the letter Atomberg engineering arm eyes funding ahead of parent's Rs 2,000-crore IPO Funding and ownership General Catalyst is leading a Rs 150-200 crore round, with Mirae Asset Management considering participation, sources told us. The deal values the arm at Rs 1,500-1,700 crore. Should the deal go through, Atomberg's existing investors will receive mirror holdings in the engineering business, preserving their relative ownership while allowing the unit to raise capital independently. Revenue for the B2B arm — which makes motors and components and counts appliance makers among its clients — stood at Rs 17 crore in FY25 and could overtake the consumer business within two to three years, a person in the know told us. IPO and financials Atomberg plans to file its draft IPO papers in the coming weeks.

The Rs 2,000-crore issue will combine fresh shares with an offer for sale. Its FY25 operating revenue rose 20% to Rs 958.4 crore, while net loss narrowed 41% to Rs 117.4 crore. to Rs 958.4 crore, while net loss narrowed 41% to Rs 117.4 crore. Atomberg has raised about $151 million to date, including an $86 million round led by Temasek and Steadview Capital in 2023. Also Read Atomberg backer Inflexor raises Rs 400 crore, sets Rs 1,250 crore target for third fund Nvidia-backed neoclouds hover over India to lease data centre capacity Driving the news Why India Double click What this means Also Read India data centre capacity to jump to 12 GW by 2030 as AI fuels demand: Wood Mackenzie Swiggy appoints e Myntra chief Nandita Sinha as Instamart CEO Driving the news Tell me more Pine Labs Q1 profit rises fourfold to Rs 20 crore; retains FY27 growth guidance Financials Net profit: Rs 19.6 crore compared with Rs 4.8 crore a year earlier.

Rs 19.6 crore compared with Rs 4.8 crore a year earlier. Revenue from operations: Up 20% to Rs 736.9 crore from Rs 615.9 crore. Up 20% to Rs 736.9 crore from Rs 615.9 crore. Esop costs: Fell to Rs 26 crore from Rs 66 crore a year earlier. Fell to Rs 26 crore from Rs 66 crore a year earlier. Ebitda: Rose 5% to Rs 126 crore Rose 5% to Rs 126 crore Margin: Narrowed to 17.1% from 19.6%. Growth guidance intact Easebuzz FY26 revenue rises 10% to Rs 723 crore; profit drops 41% Number-wise Profit after tax fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. Revenue at Rs 723 crore for the fiscal. at Rs 723 crore for the fiscal. Value of payments processed by the company rose about 67% to nearly $50 billion from around $30 billion.