About Springwel Mattresses
Springwel Mattresses is a Consumer company based in Delhi (India) founded in 1996. Mattresses are manufactured in various types and materials. Springwel Mattresses has raised $1.92 million across 1 funding round from investors including Ashutosh Taparia, Sanjeev Taparia and Jyoti Prasad Taparia. The company has 344 employees. Springwel Mattresses was last valued at $30.26 million in June 2022. Its website springwel.com draws about 26 thousand monthly visits. Its Indian entity Springwel Mattresses Private Limited reported revenue of ₹259 Cr. The company has since been acquired. Springwel Mattresses offers products and services including Divinity Mattress, Gloria Elite Mattress, Gloria Mattress, and Microfiber Pillow. Its focus areas include Consumer Goods, Home Furnishing Products, Home Textiles and Home Linen. Its competitors include Wakefit, The Sleep Company and 10Club; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1996 in Delhi, India, Springwel Mattresses operates within the consumer goods sector, focusing on mattress production. Products are made using materials including natural latex, memory foam, and spring systems to address different sleeping needs. A risk-free trial period is offered, accompanied by product warranties. Retail stores are maintained nationwide, enabling in-person testing prior to purchase.
- Headquarters Delhi, India
- Employees 344
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Website springwel.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Springwel Mattresses Private Limited
- Date of Incorporation 24 Oct, 1996
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹259 Cr
FY 2024 · +2% YoY
- Net Profit₹2.52 Cr
FY 2024 · 1% margin
- EBITDA₹9.97 Cr
FY 2024 · 4% margin
- Total Equity Funding$1.92M (USD)
in 1 rounds
- Latest Funding Round$1.92M (USD), Angel Round
Jun 2022
- Employee Count344
Associated legal entities of Springwel Mattresses
Springwel Mattresses operates through Springwel Mattresses Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Springwel Mattresses Private Limited CIN U74899MH1996PTC417435 | Active | 24 Oct 1996 | Mumbai, Maharashtra | ₹259 Cr | 344 | 4 | View details |
Products & Services of Springwel Mattresses
Springwel Mattresses offers a comprehensive portfolio of products and services, including Divinity Mattress, Gloria Elite Mattress, Gloria Mattress, and Microfiber Pillow.
Premium mattress for enhanced comfort and deep sleep support.
High-quality mattress with advanced features for better rest.
Durable mattress offering reliable support and comfort options.
Adjustable pillow with antimicrobial properties for improved sleep.
Apps and channels of Springwel Mattresses
its YouTube channel Springwel has 712 subscribers and 30 videos.
Videos from Springwel Mattresses
The most watched videos on Springwel Mattresses's YouTube channel, Springwel (712 subscribers). Click a video to play it here.
More on Springwel.
Funding Insights of Springwel Mattresses
Springwel Mattresses has successfully raised a total of $1.92M through 1 strategic funding round. The most recent funding activity was a Angel Round of $1.92 million completed in June 2022. 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 $1.92M
- Total Rounds 1
- Last Round Angel Round — $1.92M
- First Round $1.92M
(Jun 2022)
- Investors Count 3
All 1 funding rounds of Springwel Mattresses with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $1.92M | Angel Round | $30.26M | Ashutosh Taparia, Sanjeev Taparia |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $30.26M | •••••••• |
Last known valuation $30.26M (Jun 2022). 3 investors in total: 0 institutional and 3 angel.
Investors in Springwel Mattresses
Springwel Mattresses has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Ashutosh Taparia, Sanjeev Taparia and Jyoti Prasad Taparia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AT Ashutosh Taparia | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_bd584feb5ed84b4ca | ||
ST Sanjeev Taparia | unknown_ed4495dcfc184f929 | |||
JP Jyoti Prasad Taparia | unknown_f14bccade206474bb |
Investor details for Springwel Mattresses
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Board of directors of Springwel Mattresses Private Limited (Springwel Mattresses)
Springwel Mattresses Private Limited is the primary company behind Springwel Mattresses. The board of Springwel Mattresses Private Limited currently have 4 directors; the longest-serving is Jinay Bharat Jain, appointed in 2023. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jinay Bharat Jain DIN 10209686 | Director | 23 Jun 2023 | 3 yrs 4 mo | Springwel Mattresses Private Limited |
| Sunil Kashiprasad Kedia DIN 07526134 | Director | 12 Aug 2023 | 3 yrs 2 mo | Springwel Mattresses Private Limited |
| Vipin Jain DIN 10237984 | Director | 12 Aug 2023 | 3 yrs 2 mo | Springwel Mattresses Private Limited |
| Shalabh Pokharna DIN 08339563 | Director | 02 Apr 2025 | 1 yr 6 mo | Springwel Mattresses Private Limited |
Financials of Springwel Mattresses
Figures of Springwel Mattresses Private Limited, the primary company behind Springwel Mattresses, for FY 2024. Revenue was ₹259 Cr (+2% year on year). Net profit was ₹2.52 Cr (1% margin). EBITDA was ₹9.97 Cr (4% margin). Revenue has grown at a compounded annual rate of +31% over three years and +16% over five years.
- ₹259 CrRevenue · FY 2024 · +2% YoY
- ₹2.52 CrNet profit · 1% margin
- ₹9.97 CrEBITDA · 4% margin
- ₹3.74 CrPaid-up capital
- 344Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Springwel Mattresses Private Limited are on its company page.
Detailed financial statements for Springwel Mattresses
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Springwel Mattresses
3 dated milestones of Springwel Mattresses across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Springwel Mattresses is founded.
- Funding First funding round of $1.9M.
- Milestone Reaches Minicorn status.
Competitors of Springwel Mattresses
Springwel Mattresses has 3 listed competitors in our database, 3 of them funded. They include Wakefit, The Sleep Company and 10Club.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wakefit.co | 2016 | Bengaluru, India | $105.02M | 1,982 | An internet first brand company offering customized mattresses | |
| thesleepcompany.in | 2019 | Mumbai, India | $49.3M | 1,129 | Platform offering smart mattresses and bedding accessories | |
| 10clubhomes.com | 2020 | Bengaluru, India | $44.47M | 48 | Multi-category home products are offered through an internet-first platform. |
Detailed competitors of Springwel Mattresses
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Springwel Mattresses
The website of Springwel Mattresses (springwel.com) receives about 26.1K visits a month.
- Monthly visits26.1K
▲ 27.1% vs previous month
Websites whose visitors overlap most with Springwel Mattresses. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ctax.kar.nic.in | ctax.kar.nic.in | 100% | – | ||
| thesleepcompany.in | 99% | 2.8M | #24,666 | View details | |
| sleepycat.in | 99% | 506.4K | #138,446 | View details | |
| springtek.in | 68% | 90.9K | #392,401 | View details | |
| livpure.com | 59% | 151.8K | #299,082 | View details |
Top companies in Home & Living Products
3 companies that operate in the same segment as Springwel Mattresses (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Related news about Springwel Mattresses
Complete news archive for Springwel Mattresses
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Frequently Asked Questions about Springwel Mattresses
Springwel Mattresses was founded in 1996 and raised its 1st funding round 26 years after it was founded.
Springwel Mattresses is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Springwel Mattresses is a funded company, having raised a total of $1.92M across 1 funding round to date. The company's 1st funding round was a Angel Round of $1.92M, raised on Jun 2022.
Springwel Mattresses has 344 employees.
The primary company behind Springwel Mattresses, Springwel Mattresses Private Limited, reported revenue of ₹259 Cr for FY 2024, up 2% year on year.
Founded in 1996 in Delhi, India, Springwel Mattresses operates within the consumer goods sector, focusing on mattress production. Products are made using materials including natural latex, memory foam, and spring systems to address different sleeping needs. A risk-free trial period is offered, accompanied by product warranties. Retail stores are maintained nationwide, enabling in-person testing prior to purchase.
Springwel Mattresses's top competitors include The Sleep Company, Wakefit and 10Club.
Springwel Mattresses offers Divinity Mattress, Gloria Elite Mattress, Gloria Mattress, and Microfiber Pillow.
Springwel Mattresses has 3 investors. Key investors include Ashutosh Taparia, Sanjeev Taparia, and Jyoti Prasad Taparia.
The valuation of Springwel Mattresses is $30.26M as of Jun 2022.
Springwel Mattresses operates through Springwel Mattresses Private Limited.
The legal entities of Springwel Mattresses currently have 4 directors, including Shalabh Pokharna, Sunil Kashiprasad Kedia, Vipin Jain and others.