Recognized by Forbes India DGEMS 2023 in November, post the recognition The Sleep Company went on to raise USD 21.9 million in a Series-C funding round from existing investors, Premji Invest and Fireside Ventures. By March 2024, the company reported a remarkable growth in ARR, exceeding USD 53.5 million, a significant leap from USD 7.1 million in November 2021. With the support of its dedicated R&D team, committed to diversifying its product range, the company has successfully launched over 85 stores across more than 25 cities, with plans to expand to over 150 stores nationwide by the end of 2024.
The global market presents a diverse audience with varying requirements, and The Sleep Company’s technology is well-positioned to meet these demands effectively. The success achieved in the domestic market serves as a catalyst for the company’s aspiration to lead comfort technology innovation on a global scale. The company also diversified their product offering by expanding onto comfort tech with a new brand for chairs – ErgoSmart chairs and recliner sofas.
Looking ahead, The Sleep Company plans to expand its product offerings and geographical reach to share its innovative solutions with a global audience, they are also planning to launch AI integrated products in their future roadmap. With a strong international presence in countries like the UK and Japan, the company is now exploring opportunities for expansion into European markets and aims to establish strategic partnerships. The company’s dedication to pioneering the sleep technology landscape, backed by a proven track record of exceptional customer satisfaction, continues to solidify its position as a true trailblazer in the industry.