India, April 10 -- Bengaluru-based D2C furniture and mattress startup Wakefit is reportedly looking to make a splash in the market with an initial public offering (IPO) and aims to raise around INR 1,500-2,000 Cr (around $173-231 Mn).

A Moneycontrol report said that the startup has also picked three investment bankers - Axis Capital, IIFL Capital Services and Nomura - for the IPO.

However, the company has not yet finalised the split between fresh issue and offer-for-sale (OFS) component.

Inc42 has reached out to Wakefit, Axis Capital, IIFL Capital Services and Nomura for comments on the development. The story will be updated based on the response.

Founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda, Wakefit is a D2C mattress an...