2016
3000
Furniture and Home Furnishings Manufacturing
Bengaluru, Karnataka
About Wakefit:
Wakefit.co is a research and innovation-driven home and sleep solutions company established in March 2016. It was founded by Ankit Garg and Chaitanya Ramalingegowda and holds a vision to be the most loved home solutions company in India. With an ever-expanding portfolio that includes mattresses, pillows, bed frames, mattress protectors, comforters, bedsheets, pillows, back cushions, sofas, coffee tables, shoe racks, lighting, decor and much more. Wakefit.co manufactures all of its products in-house. Expanded Retail domain with 100 stores within 3 years and more to come.
The company sells across the country through its own online portal and through other online marketplaces. Wakefit.co prides itself on its customer experience, with over 10 Lakh customers serviced across six years and over 3 lakh positive reviews received online. The company has received Series A funding from marquee investor Sequoia Capital India, Series B funding from Verlinvest and Sequoia Capital India, and Series C funding from SIG, Verlinvest and Sequoia Capital India. It has recorded 3x revenue growth year-on-year since 2016 and is currently valued at 2800 crores.
Wakefit.co follows a unique delivery model. It has a product-oriented approach that invests heavily on research and innovation to create products that are ahead of the industry curve. It ships products to its customers directly from the factory, thus ensuring significant cost reduction which gets passed on to the customer. The USP of the brand lies in the fact that its products are made after extensive customer interviews and extensive research.
Milestones:
2016: Started Operations & served our first 100 customers by personally visiting their homes.
2018: Bestseller of Mattresses on Amazon & Flipkart
2019: 4 functional manufacturing setups & PAN India serviceability
2020: Wakefit expands to Furniture and Home solutions
2021: Built a workforce of 1590 Wakefiters who helped us reach 10 Lakhs + Indian homes
2022: Launches Indias largest Furniture factory with a mission to help every Indian create their dream home
2023: Started Retail expansion with 10 stores and reached 100 stores Pan India in 2024.
Series D Round
1, 2023