Wakefit

Wakefit

Internet-first brand specializing in personalized mattresses

Founded

2016

Headquarters

Bengaluru (India)

Status

Series D

Company Details

Website

Socials

Email

Phone

+91 9883333123

Wakefit is a home and sleep solutions brand sits in the $30+ billion Indian home and furniture industry, a sector that has long been stuck in a loop of middlemen, bloated prices and subpar quality. Wakefit broke into that clutter with a bold idea cut out the middle layers, sell directly to people and let product quality speak for itself. Wakefit came in with an e-commerce model, targeting urban millennials and middle-class families aged 25–50, offering quality sleep products online simple, affordable.

Core Products and Services

  • Sleep Solutions: Their range of mattresses covers just about everything—orthopedic, dual-comfort, memory foam and latex. They’ve also got pillows, protectors, bed sheets and other sleep must-haves. 
  • Functional Furniture: Beds, sofas, dining tables, bookshelves, recliners, wardrobes—you name it, they’ve got it. Build for real homes, not catalog showpieces. Everything’s engineered to be easy-to-assemble, long-lasting and perfect for modern Indian spaces.
  • Home Decor & Furnishings: Wakefit now also offers curtains, wall art, lamps, rugs and other bits that turn a house into a home. The idea is to keep things affordable without compromising on aesthetics.
  • SleepTech: Meet Zense, Wakefit’s smart sleep solution. It’s like a fitness tracker but for your bed—using AI to monitor sleep patterns, breathing and other signals to help users sleep more efficiently. 

Business Model & Revenue Streams

  • Direct-to-Consumer (D2C) : Wakefit makes almost everything in-house and sells it directly either through its website or its own stores. That means lower costs, better control and no dependence on third-party showrooms.
  • Manufactured Goods : Most of Wakefit’s revenue—roughly 97% in FY25—comes from its manufactured goods: mattresses, furniture and sleep products.

Key People

Chaitanya Ramalingegowda

Anil Arya

Kunal Dubey

Key Metrics

Total Equity Funding

$105 Million

No. of Funding Rounds

4

Latest Funding Round

$40 Million, Series D

as of January 13, 2023

Post Money Valuation

$275 Million

as of May 23, 2023

Funding Multiple

2.62

as of May 23, 2023

Investors

Sequoia Capital

and 3 more

Employee Count

1594

Similar Companies

iDecorwala

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 13, 2023Series D$40 Million$275 Million$99.4 Million2.6x Investcorp, Peak XV Partners, Verlinvest, SIG, Paramark Ventures
November 11, 2021Series C$27.3 Million$368 Million$75.7 Million4.3x SIG, Sequoia Capital, Verlinvest, SIG Venture Capital
December 15, 2020Series B $25.1 Million$254 Million$49.1 Million4.5x Verlinvest, Sequoia Capital, Peak XV Partners
December 11, 2018Series A$9.3 Million$29 Million$9.7 Million2.1xSequoia Capital

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