India, Dec. 15 -- Home appliances startup Atomberg, which is gearing up for its IPO, is in talks to raise INR 40 Cr (about $4.8 Mn) in secondary capital in a round led by Forj Capital, with participation from White Whale Partners, renowned YouTuber Tanmay Bhatt, and a few other angel investors, founder Sibabrata Das told Inc42.

The round, which is expected to close in the next couple of weeks, will value the company at around INR 5,000 Cr (about $600 Mn).

Atomberg's early backer A91 Partners will dilute its stake in the round as it aims to bring its ownership to under 20%. "A91 doesn't want to be classified as a promoter. After the last round, they were marginally above it. So, we wanted to bring their stake down. Second, we wanted to o...