Wakefit Stock
Wakefit is a sleep and home solutions company that manufactures quality mattresses at affordable prices along other furniture.
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About Wakefit Stock
Wakefitkart is a sleep and home solutions company that manufactures quality mattresses at affordable prices. Its mattress is built on the parameters of pressure and weight distribution, foam quality, and stress testing and is sold directly through its eCommerce platform that enables customers to have a comfortable sleeping mattress at an affordable price. It has expanded its portfolio into home solutions after four years of operations in the sleep solutions space. The new range includes sofas, cots, coffee tables, wardrobes, and other furnishings. The company was co-founded by Ankit Garg and Chaitanya Ramalingegowda in 2016 and is headquartered in Bangalore, Karnataka.
Funding History
| December 2018 | $650M |
|---|---|
| December 2020 | $1.9B |
| November 2021 | $2.0B |
Management
Co-Founder & CEO
Ankit Garg
Co-Founder & Director
Chaitanya Ramalingegowda
Press
entrackr - Nov, 23 2023
Wakefit records Rs 813 Cr revenue in FY23; losses go updealstreetasia - Nov, 1 2023
India Digest: Veld Capital sells education infra assets; Wakefit to bag funding from Elevation Capitalyourstory - Oct, 30 2023
Furniture maker Wakefit's loss widens to Rs 145 Cr in FY23; revenue at Rs 812 Crbusinesswire - Sep, 5 2023
Wakefit.co Products Now Available for Customers in the UAE Marketinc42 - Sep, 3 2023
Wakefit Cofounder On Why Brands Need To Have Cohesive Online & Offline Go-To-Market Strategyindianweb2 - Jul, 13 2023
Wakefit.co Appoints Yash Dayal As New CTOvccircle - May, 18 2023
Wakefit's M&A playbook, breakeven target and road to IPOindianweb2 - May, 16 2023
Wakefit.co Appoints New Senior Leadership to Spearhead Key Business Verticalsthehindubusinessline - Mar, 7 2023
HomeLane lays off 30-40 employees in product, tech rolesdealstreetasia - Jan, 14 2023
India's Sequoia-backed home furniture maker Wakefit scores $40m from Investcorpstartuparound - Jan, 13 2023
Wakefit.co raises $40M in Series D round from Investcorpinc42 - Jan, 13 2023
Wakefit Secures $40 Mn Funding To Improve Delivery Operations & Factoryinc42 - Dec, 9 2022
Sequoia-Backed Wakefit Secures $45 Mn Funding From Investcorpdealstreetasia - Dec, 7 2022
India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefitbusinessinsider - Nov, 8 2022
Wakefit.co announces 'No Questions Asked' wellness leave policy for staffentrackr - Oct, 29 2022
Wakefit posts Rs 637 Cr revenue in FY22, losses spike 2.8Xvccircle - Sep, 8 2022
Wakefit in talks to raise $40 mnlivemint - Aug, 23 2022
Wakefit opens its largest manufacturing unit in Hosurlivemint - Jun, 26 2022
'Wakefit trikea' :This message welcoming Ikea to Bengaluru has gone viral. Here's whylivemint - May, 25 2022
Sequoia-backed Wakefit posts 50% jump in revenue in FY22business-standard - May, 25 2022
Start-up Wakefit logs Rs 636 cr revenue, marking 50% y-o-y growthyourstory - May, 6 2022
D2C startup Wakefit offers the ‘Right to Nap’ to its employeeseconomictimes - May, 5 2022
Hit snooze at work! Start-up Wakefit is paying its employees for a 30-min power napbit - Apr, 15 2022
Sequoia-backed Wakefit and HomeLane in merger talksyourstory - Mar, 3 2022
Eyeing further growth, sleep solutions startup Wakefit onboards Rashmika Mandanna as its first brand ambassadorbit - Feb, 14 2022
Wakefit crosses Rs 400 Cr revenue in FY21, slips into lossesinc42 - Nov, 12 2021
D2C Home & Sleep Solutions Startup Wakefit Raises $28 Mn; Valuation Soars To $380 Mndealstreetasia - Nov, 12 2021
India’s home furniture startup Wakefit raises $27m led by SIG Globallivemint - Nov, 12 2021
Wakefit.co raises $28 million in fresh Series C raiseyourstory - Jun, 22 2021
D2C startup Wakefit revenue doubles in a pandemic yearyourstory - Jun, 22 2021
How D2C startup Wakefit saw 2X rise in revenue amid COVID-19yourstory - Apr, 1 2021
Wakefit eyes Rs 450 cr revenue in FY21, ramps up headcount to 2400 peopleindianweb2 - Mar, 19 2021
NeoDove Raises USD 1.5 Million Led by India Quotientkr-asia - Mar, 4 2021
Internet-first startups are taking on traditional brands in Indiaentrackr - Dec, 21 2020
WakeFit revenue surges 2.5X to Rs 197 Cr in FY20; churns Rs 10 Cr profiteconomictimes - Dec, 21 2020
ET Catalyse Virtual 16: Customer connect 2.0 where digital touch points takeovereconomictimes - Dec, 18 2020
ETtech Deals Digest: Zenoti, LeadSquared, Wakefit.co raise fundsinc42 - Dec, 16 2020
Wakefit Raises Mega Series B Round From Verlinvest, Sequoia At $258 Mn Valuationbit - Dec, 16 2020
Verlinvest leads Series B funding in mattress maker Wakefitentrackr - Dec, 16 2020
Wakefit scores Rs 185 Cr in Series B round led by Verlinvest and Sequoiaindianweb2 - Oct, 23 2020
AI Driven Contact Center Start-up NeoDove Raises Fundingthehardcopy - Sep, 7 2020
Helping Wakefit Hit Homeforbesindia - Aug, 5 2020
Wakefit: Going beyond the bedroomforbesindia - Jul, 31 2020
Direct to millennials, in Bharatforbesindia - Jul, 30 2020
Sneak Peek: How Wakefit found an investor after 32 failed attemptsyourstory - May, 12 2020
Brand journey: A Look At Wakefit.co’s Journey and its success in the Indian D2C Marketyourstory - Feb, 22 2020
Dream job: How Wakefit.Co is paying interns Rs 1 lakh to go to sleepEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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