Mumbai, 22 November 2022: The Sleep Company, Asia’s first and only SmartGRID technology-based mattress, and comfort-tech solution provider, has launched two retail outlets in Thane and Andheri West, Mumbai. This marks The Sleep Company’s entry into the country’s financial capital in addition to its presence in Hyderabad and Bengaluru. The brand will be utilizing the funds it recently secured in its Series B round to realize their target of opening 25+ stores across the country.
Both of The Sleep Company’s Mumbai stores will serve as a key experiential touchpoints for customers to interact with the brand. The offline foray broadens the reach and accessibility of the brand’s revolutionary innovations to a wider audience. The store will function based on a physical model, allowing the customers to cash and carry small products from the store while ordering SmartGRID mattresses online that will get delivered to their doorstep.
Commenting on the store launch, Harshil Salot Co-founder of The Sleep Company said, “It is truly gratifying to witness our dream of having an extensive omnichannel presence turning into reality one step at a time. Our journey so far has been incredibly rewarding and the brand is successfully on the course to achieving a 400% YoY growth this fiscal. Our physical stores are a crucial component of this growth and the Mumbai Store launches will aid us in this endeavor. We look forward to offering the best of Asia’s sleep technology to the city.”
“Being part of an industry where the touch-and-feel factor still plays a crucial role for consumers has led to the brand’s natural gravitation towards setting up physical outlets. Catering to our consumers’ needs and expanding the channels through which they can reach us is a priority for the company. In a city like Mumbai, where consumers are spoilt for choice, we are sure that The Sleep Company’s innovative products will stand out and revolutionize the way the city sleeps and sits”, added Priyanka Salot, Co-founder of The Sleep Company.
Customers have been at the front and center of all decisions at The Sleep Company since its inception in 2019. The brand’s patented SmartGRID technology and all its products are developed with the singular aim of improving the lives of consumers. Strengthening the claim of The Sleep Company being the fastest-growing D2C brand in the country, it is aggressively advancing its omnichannel expansion plans.
Within just over three years, The Sleep Company has achieved milestone after milestone; from becoming one of the most loved brands in the digital marketplace to clocking a revenue run-rate of INR 200 CR. With this expansion, The Sleep company scripts the next chapter in its robust growth trajectory.