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.

This short was originally published on Inshorts, based on an article in Entrackr.

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