About Wakefit
Wakefit is a company based in Bengaluru (India) founded in 2016 by Chaitanya Ramalingegowda and Ankit Garg. Wakefit has raised $105.02 million across 4 funding rounds from investors including Peak XV Partners, Redwood Trust and Susquehanna. The company has 2,014 employees as of August 01, 2025. Wakefit operates in a competitive market with competitors including 10Club, Nestasia, Frido, Ellementry and Pelican Essentials, among others.
- Headquarter Bengaluru, India
- Employees 2014 as on 01 Aug, 2025
- Founders Chaitanya Ramalingegowda, Ankit Garg
- Stage Public
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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 Wakefit Innovations Limited
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Annual Revenue
$149.12 M (USD)29.13as on Mar 31, 2025
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Net Profit
-$4.1 M (USD)-132.54as on Mar 31, 2025
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EBITDA
$7.31 M (USD)73.12as on Mar 31, 2025
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Total Equity Funding
$105.02 M (USD)
in 4 rounds
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Latest Funding Round
$43.32 M (USD), Series D
Jan 13, 2023
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Investors
Peak XV Partners
& 8 more
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Employee Count
2014
as on Aug 01, 2025
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IPO & Listings of Wakefit
Wakefit is a publicly listed company on the NSE with ticker symbol WAKEFIT in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Wakefit
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Funding Insights of Wakefit
Wakefit has successfully raised a total of $105.02M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $43.32 million completed in January 2023. 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 4
- Last Round Series D — $43.3M
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First Round
First Round
(11 Dec 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series D - Wakefit | Valuation | Investcorp , Peak XV Partners | |
| Nov, 2021 | Amount | Series C - Wakefit | Valuation | SIG , Sequoia Capital | |
| Dec, 2020 | Amount | Series B - Wakefit | Valuation | Verlinvest , Sequoia Capital |
Investors in Wakefit
Wakefit has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Peak XV Partners, Redwood Trust and Susquehanna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity, real estate, and credit investments are managed globally.
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Founded Year | Domain | Location | |
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Single family office of a Belgian family focused on multiple industries
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Founded Year | Domain | Location | |
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Diversified investment management is handled by SIG across multiple assets.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wakefit
Financial Statements - Wakefit
Wakefit Comparisons
Competitors of Wakefit
Wakefit 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 10Club, Nestasia, Frido, Ellementry and Pelican Essentials, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 |
Ergonomic products for pain relief and posture support are provided.
|
|
| domain | founded_year | HQ Location |
Handmade home improvement products are sold online through Ellementry.
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|
| domain | founded_year | HQ Location |
Internet first brand offering furniture products
|
Frequently Asked Questions about Wakefit
Wakefit was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Wakefit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ankit Garg is the current CEO of Wakefit. They have also founded this company.
Wakefit is a funded company, having raised a total of $105.02M across 4 funding rounds to date. The company's 1st funding round was a Series B of $25.13M, raised on Dec 11, 2018.
As of Aug 01, 2025, the latest employee count at Wakefit is 2,014.
Annual revenue of Wakefit is $149.12M as on Mar 31, 2025.
Wakefit was founded in 2016 and is headquartered in Bengaluru, India. Operations are conducted as an internet-first brand within the home furnishings sector. A range of products is offered, including mattresses with features such as contact-less sleep trackers and temperature control, alongside beds, pillows, towels, cushions, curtains, carpets, furniture, dinnerware, and wall decor. Materials like spun knitted fabric and ortho foam are utilized in mattress production.
Yes, Wakefit is publicly traded on NSE under the ticker symbol WAKEFIT.
Wakefit has 9 investors. Key investors include Peak XV Partners, Redwood Trust, Susquehanna, Investcorp, and Verlinvest.
The ticker symbol of Wakefit is WAKEFIT on NSE.
The valuation of Wakefit is $275.19M as of Jan 2023.