The company The Sleep Company has secured a Series D fundraising round of approximately 480 crores Indian rupees, with CAM and Khaitan as supporters.
The Sleep Company, a leading direct-to-consumer brand in India specializing in mattresses and other sleep products, has announced a successful Series D fundraise of ₹480 crore. The fundraise was led by ChrysCapital and 360 One Asset.
Avendus Capital served as the exclusive financial advisor for The Sleep Company on this significant deal. On the legal front, Khaitan & Co and Cyril Amarchand Mangaldas were involved in the transaction.
Supratim Chakraborty, Shramana Dwibedi, and Mayank Barman from Khaitan & Co advised on the data privacy aspects of the diligence for The Sleep Company. Meanwhile, Cyril Amarchand Mangaldas advised The Sleep Company and its Founders on the Series D fundraise.
In addition to this, Khaitan & Co also assisted with conducting due diligence on The Sleep Company and negotiations and closing of the transaction for ChrysCapital's investment. Pranjal Prateek and Armaan Gupta from the same firm advised on competition law aspects of the transaction involving The Sleep Company.
The transaction teams at both Khaitan & Co and Cyril Amarchand Mangaldas included several key members. Bharat Anand, Nidhi Killawala, Mukul Aggarwal, Ayushi Mishra, Ishaan Chopra, Sakshi Garg, Nirupam Lodha, Shivangi Narang, Vanshika Thapliyal, and Rebecca Cardoso were part of the team at Khaitan & Co. Vandana Sekhri, Sonakshi Arora, Dhrumil Sanghvi, Rishi Rathod, and Tushmi Udyalak were part of the team at Cyril Amarchand Mangaldas.
The freshly raised funds will be utilized for The Sleep Company's expansion plans. This fundraise underscores the confidence investors have in The Sleep Company's potential for growth and its commitment to providing high-quality sleep solutions to consumers across India.
The finance firm Avendus Capital played a crucial role in The Sleep Company's Series D fundraise, serving as the exclusive financial advisor for the transaction. The successful fundraise of ₹480 crore will be used to fuel The Sleep Company's business expansion plans, reflecting the investing community's confidence in the company's potential for growth and its commitment to delivering high-quality sleep solutions.
