Mattress maker The Sleep Company raises $21.3 M from Premji Invest, others

The Sleep Company has raised INR 177 crore (USD 21.3 million approx) led by Premji Invest. Alteria Capital also participated in the round while existing investor Fireside Ventures increased its stake to over 20%. The Mumbai-based firm plans on using the funds to increase its omnichannel presence, further build its brand, and expand across Japan, the UK, and the UAE. Founded in October 2019, the firm started off by making mattresses using smart grid technology, which later got patented. Since then, apart from mattresses, The Sleep Company has also added pillows, cushions, sheets, and smart-grid chairs.