Stake sale · Commerce & Consumer Brands

HDFC Mutual Fund increases stake in Wakefit by buying 30 lakh shares for ₹46.5 Cr.

By Startup Enthusiast · 25 March 2026

Date: 25 March 2026
Company: Wakefit
What it does: Mattress and furniture retailer with an online and company-owned store presence.
Kind: Stake sale
Amount: ₹46.5 Cr
Stage: public
Sector: Commerce & Consumer Brands

What they do

Wakefit sells mattresses, furniture and home products through its online platform and 137 company-owned stores

HDFC Mutual Fund raised its shareholding from 4.52% to 5.43% by purchasing 30 lakh shares at ₹155 per share

Wakefit's stock price has fallen 17% from its listing price of ₹194.1 on the BSE, closing at ₹160.5 on 23 March

HDFC Mutual Fund increased its stake in Wakefit by buying 30 lakh shares for ₹46.5 Cr through open market transactions on 23 March 2026.
The mutual fund's shareholding in Wakefit rose from 4.52% to 5.43% after the purchase.
The transaction was made through multiple schemes of HDFC Mutual Fund, including HDFC Children’s Fund and HDFC Small Cap Fund.
HDFC Trustee Company Limited acted on behalf of the mutual fund in the transaction.
Wakefit listed on the stock exchanges on 15 December 2025 with an IPO that raised ₹377.2 Cr.

Wakefit has been expanding its offline presence with 137 company-owned stores as of Q3 FY26.
The company turned profitable in Q3 FY26 with a net profit of ₹31.9 Cr, up from a loss of ₹2.4 Cr in the same period last year.
Wakefit's shares have dropped 17% from their listing price of ₹194.1 on the BSE, closing at ₹160.5 on 23 March.

Wakefit designs and sells mattresses, furniture and home products through its online platform and company-owned stores.
The company operates 137 company-owned, company-operated (COCO) stores as of Q3 FY26.
Wakefit's revenue rose 9.4% YoY to ₹421.3 Cr in Q3 FY26, while expenses remained flat at ₹396.7 Cr.
The company plans to expand its offline presence by setting up 118 additional COCO stores using IPO proceeds.
Wakefit's IPO was oversubscribed 2.5X, with bids for 9.16 Cr shares against 3.64 Cr shares on offer.

Wakefit plans to expand its offline presence by setting up 118 additional company-owned stores using IPO proceeds.

HDFC Mutual Fund (lead) — One of India's largest mutual fund houses, HDFC Mutual Fund was a key anchor investor in Wakefit's IPO.
Peak XV Partners (investor) — A venture capital firm that has invested in several Indian startups.
Verlinvest (investor) — A private equity firm focused on investments in India.
Paramark (investor) — A venture capital firm that has invested in multiple consumer and technology startups.