Bengaluru-based home and sleep solutions brand Wakefithas raised Series C funding of Rs 200 crore led by SIG, a Pennsylvania-based trading and investment firm. Existing investors Verlinvest and Sequoia Capital participated in this round of funding.
With this fund raise, the startup's valuation is now at Rs 2,800 crore (approximately $380 million).
The startup will use the funding for its omnichannel expansion plans. It aims to boost supply chain and logistics management, for technological enhancement, to increase marketing spends, and hire across all levels in the months to come.
