Global (manufacturer-to-consumer )brand Sleepsia has raised $ 2 million in funding
- ByStartupStory | February 23, 2022
Sleepsia has raised $ 2 million impact funding from its parent company Agile Ventures, a high-octane venture capitalist. It is a global manufacturer-to-consumer brand offering pillows and sleep accessories. The Indian steel market is still untapped and sleepsia is strived to explore this market.
The brand aims to expand its customer base in Tier-2and Tier-3 towns With this recently secured funding. Furthermore, as Sleepsia is already working to reduce time spent on the supply chain by strengthening its production capacities in India, that will also help them to meet its short-term and long-term goals.
the Asia-Pacific market is growing rapidly as per market estimates, the Asia-Pacific sleep market was valued at $11 billion in 2021, is predicted to grow at a CAGR of 6.9 % reaching $16.89 billion by 2026.
Emerging as the major pillow provider in the sleep accessory market. Sleepsia is working on launching new products like couple pillows, baby pillows, baby memory foam pillows, car pillows, chair pillows, comforters, and high-quality microfiber bed sheets.
The Director of Sleepsia Mr. Dheeraj Kapoor said,”We are continuously on the search to bring unique, comfortable, and affordable sleep accessories for our customers. So far, we have 200k happy customers. And now with the recent funding, we are planning to bring 250,000 more sleepers onboard.”
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