Sleep solutions firm Wakefit raises $40 mn in funding from Investcorp

Start-up will use money for expanding manufacturing and supply chain capabilities

Wakefit.co, a home and sleep solutions start-up, has raised $40 million in funding from Bahrain-based investment firm Investcorp. Existing investors Sequoia Capital India, Verlinvest, and SIG also participated in the series D round.

The company will use the money for improving products, omnichannel presence, manufacturing and supply chain capabilities. It will hire new employees and step up brand building initiatives.

“The Series D round comes at a vital point in our growth journey as we continue to expand our presence across India. This funding round will solidify our position in the home and sleep solutions space, and will