The Sleep Company Secures 480 Cr in Series D Funding to Build the Future of Comfort-Tech in India
Hyderabad: India’s leading comfort-tech brand, The Sleep Company, has raised Rs. 480 Crore in a Series D funding round led by ChrysCapital and 360 ONE Asset, two of India’s largest and most established private equity firms. The funding will accelerate the company’s plans to scale manufacturing, deepen offline presence, unlock new product categories, and invest in innovation and talent as it prepares for its next phase of growth.
In just a few years, The Sleep Company has crossed a Rs. 700 crore annual revenue run rate (ARR), recorded 60% year-on-year growth in FY25, and recently celebrated the opening of its 150th exclusive brand outlet. The company has also doubled monthly revenue since its last raise and grown its team from 650 to over 1,500 employees, reflecting strong consumer demand and operational scale.
The newly raised capital will be strategically deployed to:
· Accelerate CAPEX investments, including the setup of new manufacturing facilities to support growing demand and ensure full control over product quality
· Expand the brand’s offline retail presence, especially in metro and Tier-1 cities, where experience-led purchases are key
· Enter new comfort categories, aligned with the brand’s vision of transforming how India sits and sleeps
· Invest in R&D and product innovation, with a focus on extending the company’s patented SmartGRID® technology across everyday use cases
· Strengthen core teams across product, technology, design, and retail operations
The company’s unique ROPO (Research Online, Purchase Offline) strategy continues to drive conversion and loyalty, with offline retail contributing to 70% of total revenue. This seamless blend of digital discovery and physical experience has proven instrumental in driving both brand trust and business growth. Avendus Capital was the exclusive financial advisor to The Sleep Company on the transaction.
Priyanka Salot & Harshil Salot, Co-Founders, The Sleep Company said, “This fundraise powers the next phase of our journey to lead the comfort-tech revolution in India. We’re scaling faster- opening more stores to be where our customers are, expanding capacity to meet growing demand, and doubling down on innovation to launch products that truly transform the way India sits and sleeps. As we look ahead, our focus is clear: strengthen our presence in metro and Tier-1 cities, deepen our reach in Tier-2 markets, invest further in R&D, and expand into new categories aligned with our long-term vision. This sets us up for the next three years—to scale with intent, grow sustainably, and move closer to our goal of becoming a cash-positive, innovation-first business.”
