Mumbai: — The Sleep Company, India’s leading comfort-tech brand, has announced the successful closure of a ₹480 crore Series D funding round led by ChrysCapital and 360 ONE Asset. The capital infusion is set to accelerate the company’s growth across manufacturing, retail expansion, product innovation, and talent acquisition.
The funding comes on the heels of a strong performance by the company, which has surpassed a ₹700 crore annual revenue run rate and achieved 60% year-on-year growth in FY25. The Sleep Company has also doubled its monthly revenue since its last raise and expanded its workforce from 650 to over 1,500 employees. The brand recently celebrated the opening of its 150th exclusive brand outlet.
A substantial portion of the new funds will be directed toward advanced R&D and next-generation product development. The company plans to enhance its sleep and seating solutions portfolio, leveraging its patented SmartGRID® technology. Upcoming innovations include India’s first AI-powered mattress, SensAI, massage-enabled recliner sofas, and motorised storage beds with integrated massaging features.
The Sleep Company continues to emphasize design-led comfort, blending ergonomic science with modern aesthetics. Its retail stores, designed as immersive experience centers, feature interactive zones such as heat and pressure mapping to help customers make informed decisions.
Strategic deployment of the capital will focus on:
- Expanding manufacturing capabilities
- Strengthening offline retail presence in metro and Tier-1 cities
- Launching new product categories
- Advancing R&D and SmartGRID® applications
- Scaling core teams across product, technology, design, and retail
The company’s ROPO (Research Online, Purchase Offline) strategy remains a key driver of growth, with offline retail contributing 70% of total revenue. Avendus Capital served as the exclusive financial advisor for the transaction.
Co-founders Priyanka and Harshil Salot stated that the funding marks a pivotal moment in their mission to lead India’s comfort-tech revolution. They emphasized plans to scale operations, deepen market reach, and continue investing in innovation to transform how India sits and sleeps.
ChrysCapital’s Rajiv Batra praised the company’s innovation and operational excellence, while Chetan Naik of 360 ONE Asset highlighted its tech-enabled disruption and capital-efficient growth.
The Sleep Company’s patented SmartGRID® technology remains central to its success, now extending beyond mattresses to include chairs, recliners, cushions, and sofas—offering ergonomic solutions tailored for modern Indian lifestyles.