Archive · 3 Dec 2025
Wakefit Aims to Become Amazon of Home
Wakefit started as a company that sold mattresses online.
Now, it sells lots of home things like furniture and decorations.
They have special stores that don't keep many products but show them to customers.
The company is going public to raise money and become more trusted.
The founders think their speed and experience are more important than having lots of money.
They want to be like Amazon for home stuff in India.
They plan to open more stores and sell even more things for the home.
Wakefit has transitioned from a D2C mattress seller to a full-stack furniture and home décor retailer.
The company uses an asset-light model for physical stores, displaying products but fulfilling orders from a centralized manufacturing base.
Wakefit is planning an IPO to raise ₹1,288.89 crore, aiming to enhance brand trust and attract talent.
The founders believe time-to-market and experience are bigger advantages than capital in the competitive space.
Wakefit aims to expand its furniture business beyond top 40-50 cities in India and deepen its product catalog.
- Who
- Wakefit, founded by Ankit Garg and Chaitanya Ramalingegowda
- What
- A furniture and home décor retailer transitioning from a D2C mattress seller
- When
- Planning to expand stores over the next 12-18 months
- Where
- India, with plans to expand beyond top 40-50 cities
- Why
- To become a leading home solutions provider and enhance brand trust through IPO
- Company
- Wakefit
- Founders
- Ankit Garg, Chaitanya Ramalingegowda
- IPO Amount
- ₹1,288.89 crore
- Price Band
- ₹185–195 per share
- Current Revenue
- ₹6,400 crore
- Investor
- Peak XV
- Stores
- 125 (planning to open 170 more)