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Wakefit

company

About

Wakefit is a sleep and home solutions company that manufactures mattresses along with other furniture.

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$45M
Industries
E-Commerce,Furniture,Manufacturing,Retail
Founded date
Jan 1, 2016
Number Of Employee
501 - 1000
Operating Status
Active
Legal Name
WAKEFIT INNOVATIONS PVT LTD

Wakefitkart is a sleep and home solutions company that manufactures quality mattresses at affordable prices. Its mattress is built on the parameters of pressure and weight distribution, foam quality, and stress testing and is sold directly through its eCommerce platform which enables customers to have a comfortable sleeping mattress at an affordable price. It has expanded its portfolio into home solutions after four years of operations in the sleep solutions space. The new range includes sofas, cots, coffee tables, wardrobes, and other furnishings.

The company was co-founded by Ankit Garg and Chaitanya Ramalingegowda in 2016 and is headquartered in Bangalore, Karnataka.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$45M ₹7.70B
Wakefit has raised a total of $45M ₹7.70B in funding over 2 rounds. Their latest funding was raised on Jan 13, 2023 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 13, 2023 Series D ₹3.20B 4 Investcorp Detail
Dec 6, 2022 Series Unknown $45M 2 Investcorp Detail
Nov 11, 2021 Series C ₹2B 3 Susquehanna International Group (SIG) Detail
Dec 15, 2020 Series B ₹1.85B 2 Verlinvest Detail
Dec 11, 2018 Series A ₹650M 1 Sequoia Capital Detail

Investments

Number of Investments
Number of Lead Investments
7
0
Wakefit has made 7 investments. Their most recent investment was on Apr 1, 2022, when Peccala raised €175K.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 1, 2022 Peccala
Pre-seed €175K Cryptocurrency
Dec 1, 2021 Peccala
Pre-seed €350K Cryptocurrency
Jan 19, 2021 Hunit
Seed £650K Blockchain
Series A Apps
Aug 1, 2019 Bitfy
Pre-seed R$1M Bitcoin

Investors

Number of Lead Investors
Number of Investors
5
5
Wakefit is funded by 5 investors. Investcorp and Sequoia Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Investcorp Yes Series D
Sequoia Capital Yes Series A
Sequoia Capital India Series D
Susquehanna International Group (SIG) Series D
Verlinvest Series D

Employee Profiles

Number of Employee Profiles
2
Wakefit has 2 current employee profiles, including Executive Ankit Garg
Executive