The Sleep Company has announced that it has secured Rs 13.4 crore in Fireside Ventures led pre-series A round. The round also saw investment from LogX Ventures and founder of Mamaearth – Varun Alagh (in individual capacity).
Partner and CFO of Fireside Ventures – Dipanjan Basu will join the Board of the company.
Speaking on the announcement, Harshil Salot, Co-founder, The Sleep Company, commented, “We are a company obsessed about innovation and we are extremely happy to note that the SmartGRID is step changing the quality of sleep for our customers and that gives us a lot of satisfaction. We have always believed in having a very sustainable business model and have been profitable since the start. With the funding round, we will increase our manufacturing capacity and distribution network.”
Dipanjan Basu added, “Fireside Ventures is indeed excited to partner with Priyanka and Harshil, and we believe that they are creating a global brand and a platform that will change the definition of ‘At Home Comfort’ through their continuous innovations!”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.