D2C sleep solutions and home furniture startup Wakefit raised $28 million in Series C led by SIG where Sequoia Capital India and Verlinvest also participated . The company is now worth $380 million With this round.
Wakefit is promoting a healthy sleep culture with its mattresses, pillows, and protectors. The funds raised will be used in three major areas. With its mattresses, pillows, and protectors, Wakefit promotes a healthy sleep culture. The funds raised will go toward three major areas of focus. The startup intends to expand its furniture segment by establishing a state-of-the-art automated furniture manufacturing unit. Second, it intends to strengthen its offline presence by expanding its experience stores across India. It will also use the funds to increase awareness of Wakefit and expand its marketing efforts.