India, March 17 -- Home appliance startup Atomberg has forayed into manufacturing components for large appliances in a bid to diversify its revenue stream ahead of a potential IPO.

Through its subsidiary, Atomberg Innovation Private Limited, the Mumbai-based startup has expanded into designing and manufacturing motors and controllers for air conditioners, refrigerators, and washing machines sold by original equipment manufacturers (OEMs).

To power its B2B manufacturing arm, the startup is investing Rs.150-200 Cr to build 1.5 Lakh sq ft manufacturing facility in Pune. It already operates an 85,000 sq ft manufacturing unit for consumer electronics business in the same area.

Atomberg's founder and CEO Manoj Meena told Inc42 that the B2B v...