The Sleep Company

The Sleep Company

Supplier of innovative mattresses and advanced bedding accessories

Founded

2019

Headquarters

Mumbai (India)

Status

Series C

Company Details

Website

Socials

Email

Phone

+919811981911

The Sleep Company has rapidly established itself as a pioneer in India’s comfort-tech sector. The Sleep Company initially launched as a digital-first, direct-to-consumer (D2C) brand, quickly gaining traction for its science-backed approach and customer-centric ethos. By 2022, the company had expanded into offline retail, opening its first experience center in Bengaluru and rapidly scaling to over 150 stores across 45+ cities by mid-2025. 

Core Products and Services

  • SmartGRID Mattresses: Their flagship innovation uses a patented grid structure that adapts to body shape while keeping the surface cool. In FY24, this product alone brought in 65% of the company’s revenue.
  • Ergosmart Chairs: Designed for those spending long hours at desks or gaming, these chairs use SmartGRID to reduce physical strain and encourage healthy posture.
  • Smart Recliner Beds & Sofas: Multi-purpose furniture pieces built for comfort and flexibility, equipped with ergonomic and tech-enhanced features.
  • Sleep Accessories: A curated range that includes pillows, bedsheets, cushions, comforters, and their proprietary AI-powered SensAI pillow.
  • Omnichannel Shopping: Products are available through their own D2C website, major marketplaces like Flipkart and Amazon, and in physical experience centres across India.

Business Model and Revenue Streams

  • Product-Driven Revenue: The bulk of earnings come from product sales, particularly mattresses, followed by chairs, recliner beds, and sleep accessories—across both online and offline channels.
  • Experience-Centric Retail: Their network of owned retail stores not only boosts visibility and trust but also turns a profit at the EBITDA level, right from launch.
  • Digital Commerce: Sales through the company’s website and popular e-commerce platforms continue to support both nationwide and overseas demand.
  • Target Audience: The brand primarily appeals to salaried, urban professionals—around 80% of whom are men and 60% are non-parents. Notably, demand in Tier 2 and 3 cities has surged, now making up over 35% of total sales outside India’s top 20 cities.
  • Geographical Spread: From metros to emerging towns, the brand now serves customers in 45+ cities, with growing interest from international markets including Japan, the UAE, and the UK.

Key People

Harshil Salot

Priyanka Salot

Gaurav Shah

Key Metrics

Total Equity Funding

$49.3 Million

No. of Funding Rounds

4

Latest Funding Round

$22.1 Million, Series C

as of November 29, 2023

Post Money Valuation

$174 Million

as of March 22, 2024

Funding Multiple

2.82x

as of March 22, 2024

Investors

Premji Invest

and 2 more

Employee Count

560

Similar Companies

WoodenStreet

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
November 29, 2023Series C $22.1 Million$198 Million$31.2Million 5.6x Premji Invest, Fireside Ventures
October 25, 2022Series B$22.4 Million$81.7 Million-- Premji Invest, Alteria Capital, Fireside Ventures
June 30, 2021Seed$5.8 Million$26.9Million $3.1Million- Fireside Ventures, Alteria Capital, LogX

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