Draft:Sleep Company
Submission declined on 4 June 2026 by Robert McClenon (talk).
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Comment: This draft is written from the viewpoint of the company, focusing on what the company says about itself. Corporate notability is based on what independent reliable sources have written about the subject.Not every business corporation is notable, and this draft does not establish corporate notability. You may ask for advice about corporate notability at the Teahouse. Robert McClenon (talk) 18:57, 4 June 2026 (UTC)
Company type | Private |
|---|---|
| Industry | Consumer goods |
| Founded | 2019 |
| Founders | Priyanka Salot, Harshil Salot |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Priyanka Salot (Co-founder), Harshil Salot (Co-founder) |
| Products | Mattresses, pillows, beds, sofas, recliners, chairs |
| Website | thesleepcompany |
The Sleep Company (legally Comfort Grid Technologies Private Limited) is an Indian consumer goods company headquartered in Mumbai, Maharashtra. The company sells sleep and comfort products built around a proprietary patented material called SmartGRID, a hyperelastic polymer developed for pressure-adaptive applications. It was founded in 2019 by Priyanka Salot and Harshil Salot, both alumni of the Indian Institute of Management Calcutta.[1]
History
Priyanka Salot and Harshil Salot founded The Sleep Company in 2019, initially selling mattresses through an online direct-to-consumer channel. The company's products were built around SmartGRID, a hyperelastic polymer developed in collaboration with the Defence Research and Development Organisation (DRDO).[1]
In 2021, the company received ₹13.4 crore in pre-Series A funding, with Fireside Ventures as the lead investor.[2]
The company's first physical store opened in Bengaluru in 2022. Later that year, Premji Invest led a Series B funding round of ₹177 crore.[3]
In December 2023, Premji Invest and Fireside Ventures jointly led a Series C round of ₹184 crore. The company stated at the time that it planned to open between 250 and 300 stores over the following three years.[4]
By fiscal year 2024, the company reported revenue of ₹312 crore and had opened more than 100 stores across 25 cities.[5] In July 2024, the company reported an annualised revenue run-rate exceeding ₹500 crore.[6]
In August 2025, ChrysCapital and 360 ONE Asset led a Series D round raising ₹480 crore. The company's revenue for fiscal year 2025 was reported at ₹499 crore, approximately 60 percent higher than the previous year.[7]
Products
The Sleep Company's product range includes mattresses, pillows, bed frames, recliner sofas, and ergonomic office and gaming chairs. All products incorporate SmartGRID, a patented hyperelastic polymer designed to adjust to body weight and sitting or sleeping posture.[1] In 2024, the company expanded into the ergonomic seating category with a line of SmartGRID-branded chairs.[5]
Operations
The Sleep Company sells products through its own e-commerce website and company-owned physical stores.[5] Its first store opened in Bengaluru in 2022. By 2025, the company had opened 150 stores across India, with its 150th store opening in Mumbai.[7]
Funding
| Year | Round | Amount | Lead Investor(s) |
|---|---|---|---|
| 2021 | Pre-Series A | ₹13.4 crore (approx. US$1.4M) | Fireside Ventures |
| 2022 | Series B | ₹177 crore (approx. US$19M) | Premji Invest |
| 2023 | Series C | ₹184 crore (approx. US$19M) | Premji Invest, Fireside Ventures |
| 2025 | Series D | ₹480 crore (approx. US$51M) | ChrysCapital, 360 ONE Asset |
Leadership
The company is led by its co-founders, Priyanka Salot and Harshil Salot. Other senior leaders include Hemal Jain as Chief Financial Officer, Nirav Lalan as Chief Growth Officer, and Udhaya Shankar M as Chief Human Resources Officer.
Recognition
The Sleep Company appeared in Inc42's Fast42 ranking of fast-growing direct-to-consumer startups.[8] The company was examined alongside competitor Wakefit in a 2023 analysis of India's online mattress sector published by The Ken.[9]
References
- ^ a b c "Can The Sleep Company Disrupt India's D2C Mattress Space With Its Grid Tech?". Inc42. 30 June 2021. Retrieved 28 May 2026.
- ^ "The Sleep Company Raises Rs 13.4 Crore In Pre-Series A Funding Round". The Economic Times. 2021. Retrieved 28 May 2026.
- ^ "Mattress Startup The Sleep Company Raises Rs 177 Cr in Series B Round Led by Premji Invest". Business Today. October 2022. Retrieved 28 May 2026.
- ^ "The Sleep Co Raises Rs 184 Crore From Existing Investors". Business Standard. December 2023. Retrieved 28 May 2026.
- ^ a b c "Behind The Sleep Company's INR 300 Cr Revenue Run". Inc42. 27 October 2024. Retrieved 28 May 2026.
- ^ "Startup Firm The Sleep Company Achieves Rs 500 Cr Annual Recurring Revenue". Business Standard. 10 July 2024. Retrieved 28 May 2026.
- ^ a b "The Sleep Company Bags INR 480 Cr From ChrysCapital & 360 ONE Asset". Inc42. 6 August 2025. Retrieved 28 May 2026.
- ^ "The Sleep Company — Fast42 D2C Edition". Inc42. Retrieved 28 May 2026.
- ^ "How Wakefit and The Sleep Company Made Indians Insecure About Their Sleep". The Ken. 2023. Retrieved 28 May 2026.
Category:Companies based in Mumbai Category:Consumer goods companies of India Category:Indian companies established in 2019 Category:Direct-to-consumer brands Category:Furniture companies of India Category:Mattress companies
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