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D2C mattress startup The Sleep Company is set to raise INR 105 Cr ($12.3 Mn) in its Series D funding round led by Saffron Investments.
The round will also see participation from Carillon Investments and Infinity Partners.
As per The Sleep Company’s MCA filings, the startup passed a board resolution approving the issuance of 19,093 Series D Compulsorily Convertible Preference Shares at an issue price of INR 55,130 each to raise the aforementioned amount.
Of the total INR 105 Cr, Saffron…
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D2C mattress startup The Sleep Company is set to raise INR 105 Cr ($12.3 Mn) in its Series D funding round led by Saffron Investments.
The round will also see participation from Carillon Investments and Infinity Partners.
As per The Sleep Company’s MCA filings, the startup passed a board resolution approving the issuance of 19,093 Series D Compulsorily Convertible Preference Shares at an issue price of INR 55,130 each to raise the aforementioned amount.
Of the total INR 105 Cr, Saffron…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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