India, Dec. 1 -- Temasek-backed home appliances startup Atomberg Technologies is preparing for a $200 Mn (about INR 1,790 Cr) IPO.

The startup has begun early talks with investment banks and is expected to appoint advisers soon, Bloomberg reported.

The IPO is likely to include a mix of fresh issue of shares and an offer for sale. The listing may take place as early as next year, the report added.

Atomberg did not respond to Inc42's queries on the development. The story will be updated if a response is received.

Founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das, Atomberg started with B2B sales of energy-efficient BLDC fans before entering the consumer market in 2016.

It sells ceiling and pedestal fans that run on BLDC...