Wakefit raises $28 Mn in Series C round

▤ Summary

Sleep and home solutions startup Wakefit has raised Rs 200 crore ($28 million) in a financing round led by US-based SIG and participation from existing investors Sequoia Capital India and Verlinvest. Wakefit will use the fresh funds for its omni-channel expansion plans, bolstering its supply chain, technological development and marketing. Wakefit has manufacturing facilities in Delhi, Bengaluru and Jodhpur and it sells its goods via its own online portal and other marketplaces. The company had raised Rs 185 crore or $25 million in its Series B round led by Verlinvest and Sequoia Capital India in December last year. Before that, it had raised Rs 65 crore in its first institutional round from Sequoia Capital in December 2018.

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