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Wakefit Raises Rs 200 Crore From Us-Based Sig, Others

Wakefit Raises Rs 200 Crore From Us-Based Sig, Others

11/11/21, 6:50 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmumbai
Money raised
₹2 billion
Mumbai: Wakefit, a home and sleep solutions company has raised $28 million (Rs 200 crore) in a Series C funding round from investors led by US-based SIG, a global trading and investment firm headquartered in Pennsylvania.

Company Info

Company
Wakefit
Location
mumbai, maharashtra, india
Additional Info
The company has received Series A funding from Sequoia Capital India in 2018, and Series B funding of Rs 185 crores from Verlinvest and Sequoia Capital India in December The company will use the funding to further its omni-channel expansion plans, boost supply chain and logistics management, technological enhancement and for marketing. “The company is currently clocking annualised revenue run rate of Rs 700 crore, almost double of what it earned in the last financial year,” said Ramalingegowda, cofounder and director, Wakefit. For financial year ending March 31, 2021, the company had revenues of Rs 416 crore.
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