Sequoia-Backed Wakefit Secures $45 Mn Funding From Investcorp

• ByStartupStory     |    December 8, 2022

Bahrain’s alternative investment firm Investcorp is set to lead a nearly $45 million round of equity funding in mattress maker and home solutions company Wakefit Innovations Pvt. Ltd, said two people are aware of the potential deal. 

Sleep solutions and mattress brand Wakefit has reportedly raised about $45 Mn in an equity funding round at a post-money valuation of $303 Mn (INR 2,500 Cr). Wakefit’s existing investors including Sequoia Capital India will also participate in the funding round. Including the current fundraising, the startup has raised a total of $105 Mn in funding to date.

Sleep solutions and mattress brand Wakefit has reportedly raised about $45 Mn in an equity funding round at a post-money valuation of $303 Mn (INR 2,500 Cr). The startup has raised investment from Bahrain-based alternate investment firm Investcorp.  Wakefit’s existing investors including Sequoia Capital India will also participate in the funding round. The startup plans to use the incoming capital for business expansion, acquire small brands and also, to buy back employee stock options.

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