Need help?

Luxury Furnishing Startup Investment Opportunity in Gurgaon, India

Startup incubated at IIT Kanpur building sleep solutions with USD 3,000 sales seeking investment.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales Nil
Run Rate Sales USD 16 thousand
EBITDA Margin 30 - 40 %
Industries Luxury Furnishing + 1 more
Locations  Gurgaon
Local Time 9:02 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 130 thousand for 7.0% stake (Native Currency: INR 10,000,000)
Reason: - 40% of the funds would go towards performance and influencer marketing with a target to hit 20 lak... View More
Includes physical assets worth USD 1.3 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Pitch Deck
Product 1
Product 2
Product 3
Product 4
Product Design 1
Product Design 2
Product Design 3
Business Overview

- We design and sell luxury sleep solutions like mattresses, pillows, etc.

- We follow a D2C business model.

- We have been incubated at IIT Kanpur, NASSCOM (Gurugram), Kazan OIC Forum (Russia), and we are reinventing the sleep solutions market by building smart mattresses (where end user can track health vitals or even change temperature)

- We have a capex light model where we focus on intellectual property and brand equity and outsource manufacturing.

- Founder was felicitated by IIT and IIM Indore in 30 Under 30 and has 7+ years of experience in the startup ecosystem being associated with UN, Microsoft, ADB, Mamaearth, and Zee Labs. In his last role, he was the Chief Growth Officer of Zee Labs ($100 Million Pharma Group)

- The startup was launched at the beginning of this year and so far had a pilot of 2 months with USD 3,000 in sales.

- The current model is capex light where we develop technology, design, and brand and have manufacturers which manufacture according to our guidelines and QA. They even hold inventory for us.

- The business is in the process of being incorporated as a private limited entity.

Products & Services Overview

1) Orthopaedic mattress - 3 layered mattresses with 200 days trial and 15 years warranty.

2) Normal and contour-shaped memory foam Pillows with 100 days of trial and 1 year of warranty.

3) Mattress protector.

Upcoming Products:

Smart mattress to be launched in 6 months.

1) Smart mattress - Mattress with sensors and temperature control to measure stress, blood pressure, restlessness, SPO2, and even control the temperature according to one's requirement.

Foam-based products are to be launched next month -

1) Coxcy seat.

2) Lumbar support.

3) Headrest.

4) Neck pillow.

Assets Overview

The physical assets include the inventory of the business. The intangible assets include the website, IP associated with smart mattress, trademark, and existing relationships with manufacturers, logistics, and other partners.

Facilities Overview

The business does not have any facilities. The manufacturing and warehousing are done by a third party.

Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more