India, Aug. 6 -- D2C mattress startup The Sleep Company has raised INR 480 Cr around $54.6 Mn) in its Series D funding round from ChrysCapital and 360 ONE Asset.

The startup plans to deploy the fresh capital to set up new manufacturing facilities, expand its offline retail presence across metro and tier-I cities, enter new categories and invest in research and development.

It also aims to strengthen core teams across product, technology, design and retail operations.

Based on The Sleep Company's MCA filings, Inc42 reported last month that it was set to raise INR 105 Cr ($12.3 Mn) as part of the same Series D funding round from Saffron Investments, Carillon Investments and Infinity Partners.

Founded in 2019 by IIM-Calcutta alumni Harsh...