Comfort Tech Company, The Sleep Company Raises Funding Rs 13.4 Cr Round Led By Fireside Ventures
- ByStartupStory | July 1, 2021
Mumbai-based startup, The Sleep Company raises funding Rs 13.4 crore in pre-Series A round. The round was led by Fireside Ventures and also saw participation from LogX Ventures and Varun Alagh, Mamaearth founder.The Sleep Company raises funding to be used to enhance R&D capabilities, hire talent, brand investments, and for global market expansion.
“We are a company obsessed about innovation and we are extremely happy to note that the SmartGRID is step changing the quality of sleep for our customers and that gives us a lot of satisfaction. We have always believed in having a very sustainable business model and have been profitable since the start. With the funding round, we will increase our manufacturing capacity and distribution network,” said Harshil Salot, Co-founder, The Sleep Company on raising capital.
This Comfort tech company, claims that its mattresses are built on patented SmartGRID technology and is developed by ex-scientists from DRDO. Further,Dipanjan Basu, Partner and CFO, Fireside Ventures said regarding the investment, “Fireside Ventures is indeed excited to partner with Priyanka and Harshil, and we believe that they are creating a global brand and a platform that will change the definition of ‘At Home Comfort’ through their continuous innovations!”
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