Start-up Wakefit logs Rs 636 cr revenue, marking 50% y-o-y growth

Firm that makes mattresses and pillows aims to expand to smaller cities and is setting up a manufacturing facility in Sonipat.

D2C sleep solutions startup Wakefit raises $28 mn at a valuation of $380 mn

Peerzada Abrar Bengaluru
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

First Published: May 23 2022 | 6:54 PM IST

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