About Kurlon
Kurlon is a company based in Bengaluru (India) founded in 1962 was acquired by Sheela Group in July 2023. It operates as a Direct-to-Consumer (D2C). Kurlon has raised $13.79 million across 1 funding round from investors including Sheela Group and Motilal Oswal Private Equity. The company has 704 employees as of April 10, 2024. Kurlon has completed 1 acquisition, including Spring Air. Kurlon offers products and services including Mattresses and Pillows. Kurlon operates in a competitive market with competitors including Wakefit, The Sleep Company, 10Club, Nestasia and Indo Count, among others.
- Headquarter Bengaluru, India
- Employees 704 as on 10 Apr, 2024
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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
*********
- Legal Name Sheela Foam Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$97.85 M (USD)2.04as on Mar 31, 2022
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Net Profit
$-675.5 K (USD)-118.66as on Mar 31, 2022
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EBITDA
$2.33 M (USD)-81.1as on Mar 31, 2022
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Total Equity Funding
$13.79 M (USD)
in 1 rounds
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Latest Funding Round
$13.79 M (USD), Private Equity Round
Oct 06, 2015
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Investors
Sheela Group
& 1 more
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Employee Count
704
as on Apr 10, 2024
- Investments & Acquisitions
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Acquired by
Sheela Group
(Jul 17, 2023)
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Products & Services of Kurlon
Kurlon offers a comprehensive portfolio of products and services, including Mattresses and Pillows. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mattresses are crafted for comfort and supportive sleep solutions.
Pillows are designed for enhanced comfort and neck support.
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Funding Insights of Kurlon
Kurlon has successfully raised a total of $13.79M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $13.79 million completed in October 2015. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $13.8M
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First Round
First Round
(06 Oct 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Private Equity Round - Kurlon | Valuation | Motilal Oswal Private Equity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kurlon
Kurlon has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Sheela Group and Motilal Oswal Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm focused on growth stage companies
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Founded Year | Domain | Location | |
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Manufacturer of mattress and foam products
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kurlon
Kurlon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spring Air. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mattresses and sleep sets are manufactured by Spring Air.
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1926 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Kurlon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kurlon Comparisons
Competitors of Kurlon
Kurlon 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 Wakefit, The Sleep Company, 10Club, Nestasia and Indo Count, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An internet first brand company offering customized mattresses
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| domain | founded_year | HQ Location |
Platform offering smart mattresses and bedding accessories
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| domain | founded_year | HQ Location |
Multi-category home products are offered through an internet-first platform.
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| domain | founded_year | HQ Location |
Internet-first brand of multi-category home improvement products
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| domain | founded_year | HQ Location |
Home textile products including bed sheets and bedding are manufactured.
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| domain | founded_year | HQ Location |
Internet first brand of ethnic wear, home furniture, and home decor products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kurlon
Frequently Asked Questions about Kurlon
When was Kurlon founded?
Kurlon was founded in 1962 and raised its 1st funding round 53 years after it was founded.
Where is Kurlon located?
Kurlon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Kurlon a funded company?
Kurlon is a funded company, having raised a total of $13.79M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $13.79M, raised on Oct 06, 2015.
How many employees does Kurlon have?
As of Apr 10, 2024, the latest employee count at Kurlon is 704.
What is the annual revenue of Kurlon?
Annual revenue of Kurlon is $97.85M as on Mar 31, 2022.
What does Kurlon do?
Kurlon is established as a premier mattress brand in India with over 60 years of experience. The company is focused on providing a wide range of sleep solutions including natural latex, orthopedic, and coir mattresses. Various comfort levels and custom sizes are offered to cater to diverse customer needs. Pillows and other bedding accessories are also provided to enhance sleep quality. Innovation and quality are prioritized in every product, ensuring durability and support. The brand serves millions of households across India through an extensive network of over 5000 stores.
Who are the top competitors of Kurlon?
Kurlon's top competitors include The Sleep Company, Wakefit and Nestasia.
What products or services does Kurlon offer?
Kurlon offers Mattresses and Pillows.
How many acquisitions has Kurlon made?
Kurlon has made 1 acquisition, including Spring Air.
Who are Kurlon's investors?
Kurlon has 2 investors. Key investors include Sheela Group, and Motilal Oswal Private Equity.