Archive · 10 Nov 2025
Wakefit Plans 117 New Stores by FY28 Ahead of IPO
Wakefit, a company that sells mattresses and home goods, is getting ready to sell its shares to the public for the first time (this is called an IPO).
Before that happens, they are planning to open many new stores, about 117 more.
They already have over 130 stores and opened 32 new ones recently.
They want to open these new stores in different cities to reach more people, especially in places where they don't have many stores yet.
They use information and data to decide where to open these new stores so they can be successful.
Some of the money they get from selling their shares will be used to help pay for these new stores.
They are also growing their sales, making more money than last year.
Wakefit plans to open 117 new company-owned stores by FY28.
The company, expected to launch its IPO in 2025, currently has over 130 stores.
Expansion focuses on smaller towns and underserved areas, with store openings in FY27 and FY28.
Approximately ₹30.8 crore from IPO proceeds will fund the new store openings.
Wakefit reported a 30% year-on-year revenue growth in FY25, reaching ₹1,274 crore.
- Who
- Wakefit Innovations, a home and sleep solutions brand
- What
- Plans to open 117 new company-owned stores as part of its retail expansion strategy ahead of its IPO.
- When
- The expansion will occur in FY27 and FY28, with the IPO expected in 2025.
- Where
- Across various cities in India, including Mumbai, Noida, Bengaluru, and others.
- Why
- To strengthen its presence in smaller towns and underserved areas, capitalizing on market growth and data-driven location selection.
- Company Name
- Wakefit Innovations
- IPO Status
- Expected in 2025, SEBI approval received
- Current Store Count
- Over 130 (as of October 2025)
- Planned New Stores
- 117 Company-Owned, Company-Operated (COCO) regular stores
- Expansion Timeline
- 67 in FY27, 50 in FY28
- IPO Funding for Stores
- ₹30.8 crore
- FY25 Revenue
- ₹1,274 crore (30% YoY growth)