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The Sleep Company raises Rs 480 crore in funding led by ChrysCapital, 360 One Asset - The Economic Times

Economic Times

Economic Times · 2d ago

The Sleep Company raises Rs 480 crore in funding led by ChrysCapital, 360 One Asset - The Economic Times

The Sleep Company has secured Rs 480 crore in a funding round led by ChrysCapital and 360 One Asset, involving both primary and secondary investments. Early backer Fireside Ventures partially exited through secondary share sales. The company aims to expand its retail footprint by adding 130-150 stores in the next two years, enhancing its presence in metro and tier-II cities. The funding also supports team development and omnichannel strategy expansion. The Sleep Company achieved an annualized revenue run rate of Rs 750 crore.

Related News

Bain Capital-backed 360 ONE Asset tops target for secondaries fund

VCCircle

VCCircle · 5m ago

Bain Capital-backed 360 ONE Asset tops target for secondaries fund

360 ONE Asset Management, backed by Bain Capital, closed its secondaries fund, exceeding its target of Rs 4,000 crore ($480 million). The final corpus reached $590 million. Secondaries funds acquire stakes from existing shareholders, offering exit options for private equity and investors. 360 ONE Asset, managing over $10 billion in assets, offers diverse investment products. Under its PE segment, it invests across company stages. Recently, the firm saw leadership change with Raghav Iyengar as CEO.

Bain Capital-backed 360 ONE Asset gets new CEO

VCCircle

VCCircle · 1y ago

Bain Capital-backed 360 ONE Asset gets new CEO

Raghav Iyengar has been appointed as the new CEO of 360 ONE Asset Management, which is backed by Bain Capital. In addition to being CEO, Iyengar will also serve as a whole-time director. He brings over three decades of experience in the financial services sector, having held leadership positions at Axis Asset Management, ICICI Prudential Asset Management, and Tata Asset Management. 360 ONE Asset Management offers alternative investment funds, portfolio management services, and mutual funds, with a total asset under management of Rs 72,248 crore as of March 2024.

ETtech Deals Digest: Startups raise $219 million this week, down 43% on-year - The Economic Times

Economic Times

Economic Times · 12h ago

ETtech Deals Digest: Startups raise $219 million this week, down 43% on-year - The Economic Times

Startups raised approximately $219 million between August 2 and 8, a 43.4% decrease from the previous year's $386.6 million. However, funding increased by 74.2% from the previous week. The number of deals fell to 29, compared to 40 in the same week last year. Notable deals included The Sleep Company raising Rs 480 crore, Alaan securing $48 million, Renee Cosmetics gaining $30 million, and SuperGaming attracting $15 million in investments.

360 One Asset's Tarun Sharma on investment thesis, sweet spots in Indian healthcare and more

VCCircle

VCCircle · 8m ago

360 One Asset's Tarun Sharma on investment thesis, sweet spots in Indian healthcare and more

360 One Asset is raising capital for its Healthcare Opportunities Fund, with a target of Rs 1,000 crore ($118 million). The fund will focus on investments in the Indian healthcare sector. Tarun Sharma, head of healthcare and consumer at 360 One Asset, discusses the investment thesis and the sweet spots in the Indian healthcare industry. The firm, backed by private equity giant Bain Capital, aims to capitalize on the opportunities in the growing healthcare market in India.

Recykal Raises INR 110 Cr From 360 ONE Asset

Inc42 · 1y ago

Recykal Raises INR 110 Cr From 360 ONE Asset

Hyderabad-based waste management startup Recykal has raised INR 110 crore ($13.2 million) in a pre-Series B funding round led by 360 ONE Asset Management. The investment will support Recykal in driving technology innovation and expanding its products and solutions. Recykal provides cloud-based services that enable transparent and traceable material flows in waste management. The funding round also delivered a multi-bagger exit to Recykal's early-stage investors. The company had previously raised $22 million in a round led by Morgan Stanley India in 2022.

Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit

VCCircle

VCCircle · 7m ago

Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit

CoreEL, an electronics design and manufacturing company backed by 360 One Asset Management, reported a decrease in net profit for the fiscal year ending in March 2024. The decline was attributed to lower margins and sluggish revenue growth. CoreEL's net profit fell to Rs 11 crore during this period.

360 ONE Asset crosses halfway mark for healthcare PE fund, eyes final close

VCCircle

VCCircle · 8m ago

360 ONE Asset crosses halfway mark for healthcare PE fund, eyes final close

360 ONE Asset, a subsidiary of 360 One WAM Ltd, has reached the halfway point in the fundraising for its healthcare-focused private equity fund. The firm aims to complete the fundraising by early summer next year. 360 ONE Asset is backed by Bain Capital and is confident in securing the remaining investments for the fund.

Bain Capital-backed 360 ONE Asset invests in A4 Hospitals

VCCircle

VCCircle · 10m ago

Bain Capital-backed 360 ONE Asset invests in A4 Hospitals

- Bain Capital-backed 360 ONE Asset has invested in Tamil Nadu-based A4 Hospitals. - A4 Hospitals plans to use the growth capital to expand its operations across southern India. - A4 Hospitals offers fertility treatment, maternity, and perinatal care, and currently operates eight centers. - The collaboration with 360 ONE Asset will enhance A4 Hospitals' clinical capabilities and broaden the reach of its services. - 360 ONE Asset is an asset management firm that offers alternative investment funds, portfolio management services, and mutual funds.

Startup news and updates: Daily roundup (August 6, 2025)

YourStory

YourStory · 2d ago

Startup news and updates: Daily roundup (August 6, 2025)

India's manufacturing sector aims to increase its global trade share to 3% by 2030, driven by advanced manufacturing and growth in orders. Cyber frauds have soared, prompting solutions like Drona Pay’s real-time fraud detection. Antfin sold its entire Paytm stake for Rs 3,980 crore. Key funding news includes The Sleep Company raising Rs 480 crore, DesignX securing $2 million, and Cautio obtaining $1.8 million to bolster road safety technology. Notable leadership updates and partnerships were also announced.

Exclusive: The Sleep Company to kick off Series D round with 80% valuation surge

Entrackr

Entrackr · 8d ago

Exclusive: The Sleep Company to kick off Series D round with 80% valuation surge

Exclusive: The Sleep Company to kick off Series D round with 80% valuation surge Sleep solution startup The Sleep Company is set to raise Rs 105 crore ($12.3 million) in its Series D round led by Saffron Investments with the participation from Carillon Investments and Infinity Partners. The company last raised $22 million in a Series C round led by Premji Invest and Fireside Ventures in December 2023. According to its filing with the Registrar of Companies (RoC), The Sleep Company’s board passed a resolution to approve the issue of 19,093 Series D CCPS at an issue price of Rs 55,130 each to raise the above-mentioned amount. Saffron Investments will lead the round with an investment of Rs 87.73 crore ($10.3 million), while Carillon Investment and Infinity Partners will contribute Rs 9.74 crore and Rs 7.77 crore, respectively. The filing added that the proceeds from this round will be used for growth, expansion, and general corporate purposes. This seems like a part of a bigger round, and the company might raise more during the same round. According to Entrackr’s estimates, the Mumbai-based company will be valued at Rs 2,745 crore (approximately $323 million), marking an 80% surge in valuation compared to around Rs 1,500 crore during its previous $22 million round. The valuation will increase in case of more inflow of funds during the ongoing Series D. The Sleep company was reportedly in talks to raise $50 million from ChrysCapital in a mix of primary and secondary transactions. Founded in 2019, D2C sleep solutions startup The Sleep Company offers a range of products, including mattresses, pillows, cushions, bedding, and office chairs. The company sells its products through both e-commerce platforms and offline retail channels. According to startup data intelligence platform TheKredible, it has raised around $49 million to date from the likes of Premji Invest and Fireside Ventures. Following the allotment of this round, Saffron Investments will be holding a 3.2% stake in the company. For the fiscal year ended March 2024, the D2C brand’s revenue surged 2.5X to Rs 312 crore from Rs 127 crore in FY23. Despite the growth, the losses of the company rose by 58% to Rs 58.69 crore during the same period. The Sleep Company competes with Wakefit, which recently filed its DRHP with SEBI to raise Rs 468 crore via fresh issue. It also competes with SleepCat, Duroflex, among others.

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