By admin 
Wakefit, the home and sleep solutions brand, has secured Rs 580 crore from 33 anchor investors at the upper price band of Rs 195 per share, ahead of its IPO opening on December 8. According to the company’s stock exchange filing, it allotted 29,743,590 equity shares to anchor investors at Rs 195 apiece to raise the stated amount. Out of the total anchor portion, 1.61 crore shares (54.3%) were allotted to nine domestic mutual funds across 21 schemes, raising Rs 315 crore. Key anchor investors include HDFC MF, Axis MF, Mahindra MF, Edelweiss MF and Tata MF. Others in the round included Bajaj Life Insurance, 360 ONE, Nippon India, Ashoka WhiteOak, along with global investors such as Steadview Capital and Amundi Funds.
Wakefit plans to use the fresh IPO proceeds for store-related lease payments, marketing and advertising, setting up new COCO stores, and purchasing equipment, with the balance earmarked for general corporate purposes. Financially, Wakefit posted operating revenue of Rs 724 crore and a net profit of Rs 35.57 crore in the first half of FY26. In FY25, its operating revenue grew nearly 30% to Rs 1,274 crore from Rs 986 crore in FY24, though the company ended the year with a net loss of Rs 35 crore.
About Wakefit
Wakefit has been co-founded by Ankit Garg (CEO & Chemical Engineer from IIT-Roorkee) and Chaitanya Ramalingegowda, creating a sleep and home solutions brand in 2016 to tackle inflated mattress prices through direct-to-consumer (D2C) innovation. It is an Internet first brand company offering sleep and home solutions. Its product range includes mattresses, pillows, beds, sofas, and work desks, and other home furniture products.