Team Startupcity

• The Sleep Company raised Rs 480 crore in Series D funding led by ChrysCapital and 360 ONE Asset.
• The funding will support scaling manufacturing, expanding offline retail, launching new product categories, and boosting innovation.
• The company has crossed Rs 700 crore ARR with 60% YoY growth and doubled its team to over 1,500 employees.

The Sleep Company, a fast-growing comfort-tech startup, has secured Rs 480 crore in its Series D funding round led by ChrysCapital and 360 ONE Asset. This fresh capital injection aims to fuel the company’s aggressive expansion plans across manufacturing, offline retail presence, new product categories, innovation, and talent acquisition as it gears up for its next growth phase.

Founded by Priyanka Salot and Harshil Salot, The Sleep Company has rapidly emerged as a category-defining brand in India’s comfort-tech space. With a robust focus on science-backed innovation and consumer-centric design, the company has been disrupting traditional sleep and comfort solutions by blending patented materials with advanced technology.

The Sleep Company’s recent performance underscores its strong momentum. The startup has surpassed a Rs 700 crore annual revenue run rate (ARR) and delivered an impressive 60% year-on-year growth in FY25. It has also doubled its monthly revenue since its previous funding round and expanded its workforce from 650 to over 1,500 employees, reflecting both strong consumer demand and operational scale. Additionally, the company recently celebrated the milestone of launching its 150th exclusive brand outlet, marking its expanding offline footprint.

The newly raised funds will be strategically deployed to accelerate capital expenditure investments, deepen the brand’s offline retail presence especially in metro and Tier 1 cities and foray into new comfort and wellness categories. A significant portion will also be allocated to research and development to strengthen product innovation and build core teams, setting the stage for sustainable growth.

Co-founders Priyanka and Harshil Salot expressed optimism about the company’s future, stating, “This fundraise powers the next phase of our journey to lead the comfort-tech revolution in India. We’re scaling faster opening more stores to be where our customers are, expanding capacity to meet growing demand, and doubling down on innovation to launch products that truly transform the way India sits and sleeps. As we look ahead, our focus is clear: strengthen our presence in metro and Tier-1 cities, deepen our reach in Tier-2 markets, invest further in R&D, and expand into new categories aligned with our long-term vision. This sets us up for the next three years to scale with intent, grow sustainably, and move closer to our goal of becoming a cash-positive, innovation-first business”.

Rajiv Batra, Director and Consumer Sector Lead at ChrysCapital, praised the founders and the company’s trajectory, “ChrysCapital is thrilled to partner with The Sleep Company at this pivotal moment in their journey as they redefine comfort-tech in India. In a short span, Harshil and Priyanka, along with their management team, have built a category-defining brand anchored in innovation, customer-centricity, and operational excellence. This investment represents a compelling opportunity to participate in India’s broader premiumization wave, where consumers increasingly gravitate towards high-quality, science-led, and design-first products that enhance everyday living. We believe The Sleep Company is poised to become a dominant force not only in sleep solutions but across the wider comfort and wellness landscape”.

Also Read: The Sleep Company Secures Rs 184 Crore in Series C Funding

Chetan Naik, Senior Fund Manager and Strategy Head - Technology at 360 ONE Asset, highlighted the company’s unique strengths, saying, “The Sleep Company is disrupting comfort and sleep solutions through a science-backed, tech-enabled approach. It is redefining comfort-tech in India through a powerful blend of patented material innovation, deep R&D focus, full-stack execution, and omnichannel excellence. Backed by exceptional founders, the company has created a unique blend of digital discovery and immersive offline retail. With growing consumer resonance, an expanding product portfolio, and capital-efficient growth, The Sleep Company is well poised to become a category-defining brand. We’re excited to partner with Priyanka, Harshil, and the team on this journey”.

With this significant funding and strong leadership, The Sleep Company is set to accelerate its expansion, innovate further, and cement its position as India’s leading comfort-tech brand in the years ahead.