Sequoia-backed Wakefit earned Rs 636 crore revenue in Financial Year 2021-22, growing 50 per cent year-over-year growth compared to FY 21. The sleep solutions start-up that makes mattresses and pillows sees crossing its Rs 1000-crore revenue target this fiscal.
Growth for the Wakefit came from Karnataka, Telangana, Tamil Nadu, Maharashtra, Uttar Pradesh, and the National Capital Region comprising Delhi and cities around it. Around 26 cities in South India helped Wakefit to double revenue from these regions, with over a 50 per cent jump in sales traffic and revenue from Andhra Pradesh and Telangana.
“With a growth trajectory in place after gaining a sizable market share in the sleep solutions category, we are on track to cross the Rs 1,000 crore revenue