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.
Mattresses are crafted for comfort and supportive sleep solutions.
Pillows are designed for enhanced comfort and neck support.
People of Kurlon
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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 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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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.
| 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 |
Investments & Acquisitions by Kurlon
Kurlon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spring Air.
| 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 |
Financial Statements - Kurlon
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.
| 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.
|
|
| 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.
|
|
| domain | founded_year | HQ Location |
Internet first brand of ethnic wear, home furniture, and home decor products
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Frequently Asked Questions about Kurlon
Kurlon was founded in 1962 and raised its 1st funding round 53 years after it was founded.
Kurlon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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.
As of Apr 10, 2024, the latest employee count at Kurlon is 704.
Annual revenue of Kurlon is $97.85M as on Mar 31, 2022.
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.
Kurlon's top competitors include The Sleep Company, Wakefit and Nestasia.
Kurlon offers Mattresses and Pillows.
Kurlon has made 1 acquisition, including Spring Air.
Kurlon has 2 investors. Key investors include Sheela Group, and Motilal Oswal Private Equity.