The Spice Route Legal team, led by Praveen Raju and Renuka Abraham, is pleased to have advised Ananta Capital on its control investment into Springwel Mattresses Private Limited, India’s leading mattress manufacturer and sleep solutions brand. Launched in 1996, Springwel is engaged in the manufacture, distribution, and sale of premium mattresses, and other related home furnishing products.
With this infusion of funds, the company plans to further expand its existing network of over 1000 stores and distributors. In addition, this fundraise will allow the company to launch new products, upgrade their technology, and increase online sales. Notably, this is one of the largest strategic investments within the home furnishings industry.