Emma Mattress to invest €100 million in the Indian and Asia-Pacific markets

Emma-The Sleep Company started in Frankfurt in 2013 and posted its second financial year of profitability in 2019 with €150 million in sales. The company is projecting revenue of €240 million during the current fiscal.

ThinkStock Photos
Mumbai: German mattress brand Emma said it is considering investing €100 million in the Indian and Asia-Pacific markets to cash in on the rising demand for bed-in-a-box products.

Since its launch in India about two years ago, Emma's India business have risen sharply, with a two-fold jump just in sales last quarter. “We see India as our next frontier,” says Dennis Schmoltzi, chief executive officer of Emma Mattress. “India is fertile ground for our Emma brand. It is clear by the significant growth that Emma Sleep has experienced since launch that Indians are seeking a more affordable way of getting a good night’s sleep.”

At present, the company is evaluating acquisition of multiple local suppliers and manufacturers in India, it said. A major chunk of the investment is being considered for setting Emma’s manufacturing hub that will cater to the US, Europe and Asia-Pacific markets.


Emma said it will set up larger warehouses and create a new office in India. “There are less than ten players in the Indian bed-in-a-box market, all of which we consider to be in their comfort zone. We are applying our strategy that has been successful in 23 countries to the Indian market and we expect Emma Sleep to be market leader in India within two years,” added Schmoltzi.

Emma-The Sleep Company started in Frankfurt in 2013 and posted its second financial year of profitability in 2019 with €150 million in sales. The company is projecting revenue of €240 million during the current fiscal.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Company › Corporate Trends › Emma Mattress to invest €100 million in the Indian and Asia-Pacific markets
Text Size:AAA
Success
This article has been saved

*

+