Mattress startup Wakefit raises ₹65 crore from Sequoia

Bengaluru-based mattress manufacturing startup Wakefit has raised ₹65 crore in its first institutional round from Sequoia Capital at a post-money valuation of ₹210 crore. Following the investment, Sequoia will pick up a 31.9% stake in the startup. Founded by Ankit Garg and Chaitanya Ramalingegowda, Wakefit researches on sleep and spine support to create orthopaedic mattresses and pillows.