New Delhi, June 4 -- Private equity firm ChrysCapital is set to invest more than $50 million in The Sleep Company in a mix of primary and secondary transactions, two people said.

"Some of the earlier investors are expected to exit in part or full and other private equity firms in the fray have opted out," one of them said.

The Sleep Company and ChrysCapital did not immediately respond to Mint's requests for details on the transaction.

In April, Moneycontrol reported that The Sleep Company was negotiating with Kedaara Capital, ChrysCapital, IIFL and others to raise more than $60 million.

The report added that as part of the discussions The Sleep Company was being valued at around $400 million, or about Rs.3,400 crore. That is double wh...