Hyderabad: Wakefit, India’s leading manufacturer of sleep products, has as the third largest market for it after Bengaluru and Mumbai. To support growing sales volume, the company is investing in logistics and other infrastructure resources to ensure timely delivery of its products. The Pearl City is growing at 13.6% CAGR with a YoY growth of a staggering 139 per cent, said a release from the company.
Accounts for 12% of its total sleep products sales
Wakefit sales are on the rise in metro cities such as Delhi-NCR, Bengaluru, Chennai and Mumbai apart from Hyderabad. As per various studies, the share of the Indian e-commerce market owned by home and furnishing sector is about eight per cent.