Wakefit
Financials
Estimates*
USD | 2019 |
---|---|
Revenues | 16.6m |
Date | Investors | Amount | Round |
---|---|---|---|
* | $9.0m | Early VC | |
$26.0m Valuation: $258m | Series B | ||
* | $27.0m Valuation: $380m | Series C | |
* | $45.0m Valuation: $303m | Late VC | |
Total Funding | AUD165m |
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Recent News about Wakefit
EditWakefit.co is an online retailer specializing in innovative sleep and home products. The company operates in the Indian market, serving a broad customer base that includes over one million satisfied clients. Wakefit's product range includes mattresses, beddings, furniture, and home decor items. The company's unique selling proposition lies in its research-backed sleep products, such as the Orthopedic Memory Foam Mattress and Dual Comfort Mattress, designed to enhance sleep quality and overall well-being.
Wakefit's business model is centered on e-commerce, with all products available for purchase online. This approach allows the company to reach a wide audience and streamline operations, contributing to its profitability. The company also offers customer-friendly policies such as no-cost EMIs and a 100-night risk-free trial on its memory foam mattresses, which further enhance its appeal to consumers.
Wakefit has demonstrated impressive growth since its establishment in 2016, with over 8 lakh customers and over 18 lakh products sold. The company's commitment to research and development, as evidenced by its 1500 hours spent in this area, indicates a focus on continuous product improvement and innovation.
Keywords: Online Retail, Sleep Products, Home Products, E-commerce, Indian Market, Customer-Centric, Research and Development, Memory Foam Mattress, Furniture, Home Decor.