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MATTRESS AND FURNITURE MAKER
Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...- Wakefit raises Rs 580 crore through anchor portionWakefit, the mattress and furniture maker, raised Rs 580 crore from anchor investors, covering 45% of its Rs 1,288-crore IPO. The Bengaluru...
- Is Wakefit’s IPO a good long term bet for high-risk investors?Wakefit Innovations plans to raise over ₹1,288 crore via IPO for expansion and operational needs. The direct-to-consumer home furnishing co...
- Wakefit IPO price band set: Key numbers to knowWakefit has set the price band for its IPO, opening on December 8 and closing on December 10, with listing expected around December 15. The...
- Wakefit IPO to open Dec 8, seeking to raise Rs 377 crore primary capitalWakefit plans to raise Rs 377 crore through a fresh issue in its upcoming IPO, alongside a large offer for sale by founders and investors. ...
- Wakefit files DRHP for IPO; to raise Rs 468 crore via fresh issueWakefit's investors, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares via the offer-for...
- Long-term investing with a different perspective: Stocks of 5 companies with strong brands which have stood the test of timeIn a particular sector, if only one or two companies are listed on the market, and the rest are unlisted players, it suggests one of two th...
- D2C startup Wakefit records 24% jump in its FY24 revenueWakefit cofounder Chaitanya Ramalingegowda attributed the increase in revenue to the company’s focus on strengthening its omnichannel prese...
- Sheela Foam shares jump over 15% after Kurlon dealThe company's board at its meeting held on July 17, 2023, has approved the acquisition of Kurlon Enterprise Ltd and House of Kieraya Pvt Lt...
- Sheela Foam to pick 94.66% in Kurlon for Rs 2,150 cr; 35% in Furlenco for Rs 300 crThe acquisition will be funded by a mix of equity, internal accruals, and debt. Although Sheela Foam has a history of acquisition, this is ...
- D2C brand Wakefit raises $40 million in funding led by InvestcorpThe company will use the funds to improve its delivery operations and factory, and to make inroads into tier II and tier III cities, co-fou...
- D2C startup Wakefit raises $40 million in funding led by InvestcorpExisting investors Sequoia Capital India, Verlinvest and SIG also participated in the funding round.
- Duroflex to cross Rs 1,000-cr topline mark this fiscal as demand boomsLast November, the Alappuzha, Kerala-based company had told PTI that it was expecting to cross the Rs 1,000-crore topline milestone by FY23...
- Sheela Foam looking at exports, import substitution as next big opportunitiesThe company, which recently completed 50 years of operations, is also looking to expand into beddings related adjacent areas such as bedshe...
- Pidilite leads $40m round in PepperfryPepperfry may see another up to $40 million capital infusion over the next few months, said a senior executive at the online furniture reta...
- Kurl-on acquires luxury mattress brand Spring Air for Rs 70 croreThe acquisition covers Spring Air’s operations across India, Bangladesh, Sri Lanka and Pakistan.
- Improving margins may earn Nilkamal re-ratingWith improving earnings and margins, the gap should narrow down. There are several triggers that will allow the company to sustain over 253...
- Sleepwell parent Sheela Foam files Rs 510-crore IPO papersSheela Foam is looking at valuation of $400-500 million and the company will dilute 15 per cent stake in the offer for sale.
- Kurlon to start Rs 50 crore Roorkee plant in July, targets Rs 1000 crore FY 16 revenueThe mattress market is about Rs. 5000-6000 crore, of which one-third is the organized market and Kurlon says it enjoys 45-50 % of that mark...
- Kurl-on to not pass on higher raw material cost to customersLeading mattress maker Kurl-on today said that it will not hike the price of its products despite a 42 per cent increase in the cost of lat...
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