Bengaluru-based sleep solutions company Duroflex has raised $60 million from Norwest Venture Partners for its house of brands – Duroflex and Sleepyhead.
Norwest is a Silicon Valley-based investment firm that has invested in several of large tech-first consumer companies including Swiggy, Pepperfry, Mensa, Vuori, Udemy, Casper, Calm, Uber, and Spotify.
In 2018, Duroflex raised growth capital of $22 million from Lighthouse Funds. Since then, the company has grown 3x through focused retail and online expansion led by its omnichannel brand Duroflex and D2C brand Sleepyhead.
