Wakefit, a Sleep Solutions, and mattress brand have raised about $45 Mn in an equity funding round from Bahrain-based alternate Investment Firm Investcorp, at a post-money valuation of $303 million. The brand’s existing investors including Sequoia Capital India will also participate in the funding round. 

The mattress and sleep solutions brand will use the freshly raised funds to expand its business, acquire small brands and also buy back employee stock options. 

Headquartered in Bengaluru, the startup has raised a total of $105 million to date, inclusive of the current fundraising. 

Founded in 2016, Wakefit boasts of serving over 8 lakh customers and claims to have sold over 18 lakh products. The brand prides itself on being customer-centric, providing them with the very best sleep and home solutions.