The Sleep Company Bags ₹480 Cr in Series D from ChrysCapital, 360 ONE Asset

Comfort tech start-up, The Sleep Company, has raised ₹480 crore in a Series D funding round led by private equity firms, including ChrysCapital and 360 ONE Asset. Avendus Capital was the exclusive financial advisor to The Sleep Company on the transaction.

The fresh capital will be used to 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.

The company has crossed a ₹700 crore annual revenue run rate (ARR), recorded 60% year-on-year growth in FY25. It 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.

Its unique ROPO (Research Online, Purchase Offline) strategy continues to drive conversion and loyalty, with offline retail contributing to 70% of total revenue.

“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,” said Priyanka Salot & Harshil Salot, cofounders of The Sleep Company.

They further stated that the company has seen a clear shift in how India views sleep and wellness: what was once a low-involvement purchase is now a lifestyle decision, with consumers actively seeking premium, research-backed solutions that offer real, tangible benefits.

“This funding marks an important milestone in our journey to build India’s most loved comfort-tech brand. From the start, our mission has been to reimagine comfort—something often overlooked—through science, innovation, and deep consumer insight,” they added.

Founded in 2019 by husband-wife duo Harshil and Priyanka Salot, The Sleep Company offers a range of comfort-focused products including mattresses, pillows, bedding, cushions, office chairs, recliners, and sofas. The brand is now looking to strengthen its footprint in metro and tier-I cities while steadily growing its presence across tier-II markets.

The funding comes at a time when its key competitors such as Wakefit and Duroflex are preparing for initial public offerings. Wakefit filed its draft red herring prospectus (DRHP) in June to raise ₹468 crore through a fresh issue. Duroflex, on the other hand, is also planning to launch its IPO in the next 18 months.