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Mattress startup Wakefit raises ₹65 crore from Sequoia
short by Sukriti Kapoor / on Tuesday, 11 December, 2018
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.
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