About Duroflex
Duroflex is a company based in Alappuzha (India) founded in 1963. Duroflex has raised $82.8 million across 3 funding rounds from investors including Norwest Venture Partners, Northwest Capital and Lighthouse Funds. The company has 527 employees as of April 05, 2024. Duroflex offers products and services including Orthopedic Mattress, Fabric Sofa, Pillow, and Waterproof Protector. Duroflex operates in a competitive market with competitors including Ethan Allen, Bent Chair, The Artment, Micro Cotton and GM Fabrics, among others.
- Headquarter Alappuzha, India
- Employees 527 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Duroflex Private Limited
- Date of Incorporation 09 Nov, 1981
- Jurisdiction Alleppey, Kerala, India
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Annual Revenue
$128.68 M (USD)18.88as on Mar 31, 2023
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Net Profit
-$1.86 M (USD)52.05as on Mar 31, 2023
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EBITDA
$5.3 M (USD)667.31as on Mar 31, 2023
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Total Equity Funding
$82.8 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series C
Oct 13, 2021
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Investors
Norwest Venture Partners
& 5 more
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Employee Count
527
as on Apr 05, 2024
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Products & Services of Duroflex
Duroflex offers a comprehensive portfolio of products and services, including Orthopedic Mattress, Fabric Sofa, Pillow, and Waterproof Protector.
Designed for spinal support and enhanced sleep comfort.
Comfortable seating option for living rooms and relaxation.
Provides ergonomic support for better neck and head positioning.
Protects mattresses from spills and maintains hygiene.
People of Duroflex
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Funding Insights of Duroflex
Duroflex has successfully raised a total of $82.8M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Duroflex
Duroflex has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Norwest Venture Partners, Northwest Capital and Lighthouse Funds.
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Investment funds for Indian startups are managed by Lighthouse.
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Mathew M Mathew |
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Investor details for Duroflex
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Investments & Acquisitions by Duroflex
Investment portfolio details for Duroflex
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Financial Statements - Duroflex
Detailed financials for Duroflex
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Duroflex Comparisons
Peer comparison for Duroflex
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Competitors of Duroflex
Duroflex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ethan Allen, Bent Chair, The Artment, Micro Cotton and GM Fabrics, among others.
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Luxury home furnishings are provided across multiple categories.
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Online store selling branded furniture & home decor
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Multi-category home decor and improvement products are provided.
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A brand specializing in luxury home linen products.
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A premium brand specializing in high-quality home textiles.
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Detailed competitors of Duroflex
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Latest news on Duroflex
Complete news archive for Duroflex
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Frequently Asked Questions about Duroflex
Duroflex was founded in 1963 and raised its 1st funding round 46 years after it was founded.
Duroflex is headquartered in Alappuzha, India. It is registered at Alappuzha, Kerala, India.
Sridhar Balakrishnan is the current CEO of Duroflex.
Duroflex is a funded company, having raised a total of $82.8M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Duroflex is 527.
Annual revenue of Duroflex is $128.68M as on Mar 31, 2023.
Internet first brand of mattresses. It offers products like pillows, latex mattresses, and protectors. It also offers a wide range of mattress types to cater to different sleeping preferences and needs.
Duroflex's top competitors include Ethan Allen, The Artment and GM Fabrics.
Duroflex offers Orthopedic Mattress, Fabric Sofa, Pillow, and Waterproof Protector.
Duroflex has 6 investors. Key investors include Norwest Venture Partners, Northwest Capital, Lighthouse Funds, Mathew M Mathew, and Lawrence J Kodiyanplakkal.
The valuation of Duroflex is $312.24M as of Oct 2021.