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Mattress co WakeFit raises Rs 65 Cr led by Sequoia Capital

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Bengaluru-based mattress and sleep-related products company WakeFit has raised Rs 65 crore funding led by Sequoia Capital. Post the funding, Sequoia will have 31.9 percent stake in the company, and Wakefit's valuation will be Rs 210 crore.

This is the first fund raise by the company and the funding will be used to strengthen WakefFit's manufacturing capabilities, said a release.

The team said it also intends to introduce automation and boost its product capacity from the current 250........

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