About Atma Ram Builders
Atma Ram Builders is a venture capital firm founded in 1982. It is primarily based out of Delhi, India. As of Nov 2023, Atma Ram Builders has invested in 11 companies. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Burger Singh Overall, Atma Ram Builders portfolio has seen 1 IPO and 2 acquisitions, namely Five Star Business Finance, Little Black Book and Kwench. A lot of funds co-invest with Atma Ram Builders, with names like Ashvin Chadha sharing a substantial percentage of its portfolio. Atma Ram Builders has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Atma Ram Builders' List of Top Investments
Atma Ram Builders has a portfolio of 11 companies. Their most notable investments are in Orange Retail Finance and Orange Retail Finance.Their portfolio spans across and India. They have invested in Enterprise Applications, High Tech, Consumer and 8 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Atma Ram Builders:
Online retailer of better-for-you food and beverage products. The company provides dips, spreads, sauces, snacks, breakfast cereals, and pastas. It also offers beverages, including juices, iced green tea, and lactose-free options. The company provides energy drinks, protein milkshakes, and smoothies.
Key facts about Wingreens World
- Founded Year: 2011
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $79M
- Employee Count: 313 as on Jul 31, 2026
- Investors: responsAbility, Alteria Capital and 82 Others
- Latest Funding Round: Series D, Apr 21, 2026, $*****
- Highlight: Editors' Pick
2. Burger Singh
Restaurant chain that offers Indian-inspired burgers. It offers burgers, fries, momo, beverages, desserts and other side dishes.
Key facts about Burger Singh
- Founded Year: 2012
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $29.6M
- Employee Count: 512 as on Aug 31, 2025
- Investors: LetsVenture, RB Investments and 131 Others
- Latest Funding Round: Series B, Mar 18, 2026, $*****
- Highlight: Editors' Pick
Provider of small business loans and mortgage loans for borrowers. It financial services assist individuals in furthering existing business operations or starting new ventures. Mortgage products allow for the takeover of debt from other institutions and provide funding for personal requirements such as medical emergencies or education expenses. All lending activities require the underwriting of cashflows and are secured by house property collateral.
Key facts about Five Star Business Finance
- Founded Year: 1984
- Location: Chennai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $522M
- Employee Count: 12,523 as on May 31, 2025
- Investors: TVS Capital Funds, Alpha Wave Global and 66 Others
- Latest Funding Round: Post IPO, Oct 23, 2024, $*****
- Highlight: Public
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Online marketplace offering multi-category products. The product catalog includes home decor, furniture, shoes, clothing, bags, and accessories. It generates community-led recommendations across categories, providing unique local discoveries through feeds and map-based interfaces. Uses community-driven recommendations as a medium to drive an engaged audience. It allows users to follow others, creates a custom feed based on their interests, and posts their experiences on the platform. The app is available for Android and iOS users. It monetizes through in-app ads.
Key facts about Little Black Book
- Founded Year: 2015
- Location: Delhi (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $9.08M
- Employee Count: 75 as on May 31, 2025
- Investors: Chiratae Ventures, LetsVenture and 86 Others
- Latest Funding Round: Series A, Jan 30, 2021, $*****
- Highlight: Acquired
5. Wow! Momo
Quick-service restaurant chain specializing in momos and Asian-inspired fast food. It operates a large network of outlets across India and offers steamed, fried, and innovative momo-based dishes alongside Chinese and other fast-food offerings.
Key facts about Wow! Momo
- Founded Year: 2008
- Location: Kolkata (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $179M
- Employee Count: 6,163 as on May 31, 2026
- Investors: Khazanah Nasional Berhad, 360 One and 135 Others
- Latest Funding Round: Series D, Dec 27, 2025, $*****
- Highlight: Editors' Pick
Atma Ram Builders' Year-on-Year Investment Trends
Atma Ram Builders has invested in 11 companies over the last 11 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Burger Singh and most recent follow-on round was in Orange Retail Finance.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 2 | 2 |
2020 | 0 | 0 | 0 |
2019 | 2 | 0 | 2 |
2018 | 0 | 0 | 0 |
2017 | 0 | 2 | 2 |
Atma Ram Builders' Investments by Stage
Atma Ram Builders has made 3 investments in Seed stage with an average round size of $439K, 3 investments in Series A stage with an average round size of $1.46M and 3 investments in Series B stage with an average round size of $10.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series B | 3 |
Note: We have considered here, only first round of investments
Atma Ram Builders' Investments by Sector
Atma Ram Builders has a diverse portfolio, with companies operating in the Enterprise Applications, Food and Agriculture, Consumer, Financial Services and Retail. Notably, it has invested in 6 Consumer (B2C) companies, 6 Tech companies, 5 Enterprise (B2B) companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Food and Agriculture | 3 |
Consumer | 2 |
Financial Services | 2 |
Retail | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Atma Ram Builders' Investments by Geography
Atma Ram Builders has made most investments in India (9).Atma Ram Builders' recent investments
Atma Ram Builders has not made any investment in 2026 so far.Here are the most recent investments by Atma Ram Builders:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 23, 2023 | India | Series A | 3398 | [+35] | |
Jul 08, 2022 | India | Series B | 1536 | [+8] | |
Sep 08, 2021 | India | Series B | 2378 | ||
Jan 23, 2021 | India | Series B | 1807 | ||
Apr 15, 2019 | India | Series B | 8278 | [+4] |
IPOs and Publicly Listed companies in Atma Ram Builders' Portfolio
1 of Atma Ram Builders' portfolio company became public - Five Star Business Finance. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2022 at marketcap of $1.69BHere are Atma Ram Builders' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 21, 2022 | - | - | 7160 |
Acquired companies in Atma Ram Builders' Portfolio
2 companies from Atma Ram Builders' portfolio have been acquired. The most recent acquisition was Little Black Book in Aug 2022 by Nykaa for $*****.Here are Atma Ram Builders' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 06, 2022 | Apr 08, 2016 | Series A | 6898 | |
Apr 14, 2019 | Aug 22, 2015 | Seed | 5932 |
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Team profile of Atma Ram Builders
Atma Ram Builders has a team of 3 members including 3 Partners located in India. Atma Ram Builders' team does not sit on the board of any company as of now.Here is a list of all team members in Atma Ram Builders:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | India | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Atma Ram Builders
Over the past 11 years, 577 investors have co-invested in Atma Ram Builders's portfolio companies. This includes funds and angels.
- Invested before Atma Ram Builders: Atma Ram Builders, Peak XV Partners and 181 others have invested in rounds before Atma Ram Builders. There are 2 companies where Atma Ram Builders has invested before Atma Ram Builders and 1 company where Peak XV Partners has invested before Atma Ram Builders.
- Top Co-investors of Atma Ram Builders: 259 investors entered a company along with Atma Ram Builders. These include investors like Ashvin Chadha (6 companies).
- Invested after Atma Ram Builders: A total of 135 investors have invested in Atma Ram Builders's portfolio after their investments. Top Investors include Atma Ram Builders (2 companies), Indian Angel Network Fund (2 companies) and Investcorp (1 company).
