Furniture company Wakefit raises ₹320 crore from Sequoia, others

Furniture and home improvement brand Wakefit has raised ₹320 crore in a Series D round. Led by Bahrain's Investcorp, the round also saw participation from existing investors Sequoia Capital India, Verlinvest and SIG. Wakefit Co-founder Chaitanya Ramalingegowda said the company's revenue in last financial year was ₹636 crore and it is targeting a revenue of ₹1,200 crore in FY24.