Mumbai-based comfort-tech startup The Sleep Company has raised ₹480 crore in its latest Series D funding round, led by private equity giant ChrysCapital and 360 ONE Asset. The round includes a mix of primary and secondary capital, with a partial exit offered to early-stage investor Fireside Ventures.
Founded in 2019 by Priyanka Salot and Harshil Salot, The Sleep Company has rapidly emerged as a leading player in India’s premium sleep and seating solutions market. With this fresh infusion of capital, the startup aims to scale its manufacturing capacity, expand its offline retail footprint, invest heavily in product innovation, and bolster its core leadership teams.
The company has achieved significant business milestones over the past year, including surpassing ₹700 crore in annual revenue run rate (ARR) and recording a robust 60% year-on-year growth in FY25. It currently operates over 150 exclusive brand outlets across the country, with offline sales contributing 70% to overall revenue. Since its last funding round, the company has also doubled both its monthly revenue and employee base.
In a highly competitive sector that includes IPO-bound Wakefit.co, Sleepyhead by Duroflex, and other legacy players, The Sleep Company is carving a niche through its proprietary SmartGRID® technology. The funds from this round will be utilized to accelerate capital expenditure for setting up new manufacturing units, deepen market penetration in metro and Tier 1 cities, and expand its product line across both sleep and seating categories.
Commenting on the investment, Chetan Naik, Senior Fund Manager and Strategy Head – Technology at 360 ONE Asset, said:
“Backed by exceptional founders, the company has created a unique blend of digital discovery and immersive offline retail. With growing consumer resonance, an expanding product portfolio, and capital-efficient growth, The Sleep Company is well poised to become a category-defining brand. We’re excited to partner with Priyanka, Harshil, and the team on this journey.”
Previously, The Sleep Company had raised ₹184 crore in its Series C round from Premji Invest and Fireside Ventures, followed by ₹177 crore in Series B.
As the Indian home and lifestyle market sees increased interest from investors and consumers alike, The Sleep Company is gearing up to solidify its position as a comfort-tech pioneer by blending innovation, retail expansion, and smart design.
