IPO · Commerce & Consumer Brands

Wakefit Innovations Ltd raised ₹1,288.89 crore through IPO in December 2025

By Startup Enthusiast · 12 September 2026

Date: 12 September 2026
Company: Wakefit Innovations
What it does: home and sleep solutions
Kind: IPO
Amount: ₹1,288.89 Cr
Stage: listed
Based in: Mumbai
Founded: 2016
Sector: Commerce & Consumer Brands

What they do

Wakefit Innovations Ltd is a home and sleep solutions company that sells mattresses, furniture, and home décor products directly to consumers online

What happened

The company raised ₹1,288.89 crore through an IPO in December 2025, with a price band of ₹185 to ₹195 per share

Why it matters

The IPO included a fresh issue of ₹377.18 crore and an offer for sale of ₹911.71 crore by existing shareholders, including early backers like Peak XV…

The details

Wakefit Innovations Ltd raised ₹1,288.89 crore through an IPO in December 2025.
The IPO included a fresh issue of ₹377.18 crore and an offer for sale of ₹911.71 crore by existing shareholders.
Ankit Garg and Chaitanya Ramalingegowda, the co-founders, sold shares as part of the offer for sale.
The IPO price band was ₹185 to ₹195 per share, with a minimum investment of ₹14,820 for retail investors.
The funds raised will be used for capital expenditure, marketing, and general corporate purposes.
Wakefit plans to open 117 new stores and expand its retail presence across India.
The company is listed on BSE and NSE with the ticker WAKEFIT.

The bigger picture

Wakefit’s IPO reflects growing investor confidence in India’s D2C and home furnishings sector.
The company reported a net profit of ₹35.5 crore in the first half of FY26, showing improved financial performance.
Wakefit’s integrated model, which includes design, manufacturing, logistics, and retail, has helped it achieve positive EBITDA and revenue growth.

About the business

Wakefit Innovations Ltd is an Indian D2C (Direct-to-Consumer) home and sleep solutions company.
The company sells a range of products, including mattresses, furniture, and home décor items.
Wakefit operates through digital channels and has a robust logistics network to reach customers across urban and semi-urban areas.
The company has 125 stores in 62 cities across 19 states and 2 union territories as of September 2025.
Wakefit’s revenue grew to ₹971.1 crore in the first nine months of FY25, showing steady growth over the past four years.

What happens next

Wakefit plans to expand its retail presence by opening 117 new stores.
The company aims to increase brand visibility through marketing and advertising.
Wakefit will use the IPO funds for capital expenditure and general corporate purposes.

The deal

Type: ipo

Investors

Peak XV Partners Investments VI (selling shareholder) — An early investor in Wakefit, formerly known as Sequoia Capital.
Verlinvest S.A. (selling shareholder) — A European private equity firm with investments in Indian startups.
Axis Capital (book running lead manager) — A financial services firm that managed the IPO process for Wakefit.
MUFG Intime India Pvt. Ltd. (registrar) — A financial services firm that acted as the registrar for the IPO.

Founders

Ankit Garg, co-founder
Chaitanya Ramalingegowda, co-founder

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