Wakefit raises $ 28 million in Series C round

Wakefit raises $ 28 million in Series C round

The startup for sleep and home solutions Wakefit has raised Rs 200 crore (28 million US dollars) in a financing round led by the US SIG and the participation of the existing investors Sequoia Capital India and Verlinvest.

Wakefit will use the fresh funds towards its omni-channel expansion plans and strengthen its supply chain, technology development and marketing. The company also plans to venture into the residential real estate market.

The Series C round valued the company at around $ 375 million.

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