Private Equity Fund Investments
Mattress maker Wakefit raises Rs.200-Cr from SIG, others
Mattress brand Wakefit has raised USD 28 million (INR 200 crore) in a Series C round led by US-based SIG. The round, which received participation from existing investors Sequoia Capital India and Verlinvest, values the company at over INR 2,800 crore. Wakefit, which sells mattresses, pillows, bed frames, mattress protector and comforter, has now expanded to include home products such as study tables, bookshelves, shoe racks, TV units, dining tables and other furniture categories. .
From the Venture Intelligence PE-VC Deal Database: Wakefit had received Series A funding of about INR 65 Cr from Sequoia Capital India in Dec-18 and Series B funding of INR 185 crore from Verlinvest and Sequoia Capital India in Dec-2020. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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