Peak XV-backed Wakefit reports Rs 66 Cr EBITDA in FY24

Sequoia-backed Wakefit, a prominent online mattress and furniture startup, has reported a robust Rs 66 crore EBITDA for FY24. The company has experienced significant growth in the direct-to-consumer segment, owing to its unique approach to providing affordable, high-quality sleep solutions. Wakefit’s financial performance highlights the company’s successful business model and market position in the competitive furniture and home décor space. Wakefit’s focus on innovation, customer satisfaction, and expanding its product range has played a key role in its profitability. The company plans to further consolidate its market share, with initiatives aimed at expanding its product offerings and increasing its presence across India. Wakefit’s performance is seen as a sign of the growing home decor sector in India.