Duroflex gets first funding in three years from Norwest Venture Partners

Mumbai: Duroflex Pvt. Ltd., which sells mattresses under the labels of Duroflex and Sleepyhead, has raised $60 million in a funding round led by Norwest Venture Partners.

The latest fundraising comes three years after Lighthouse Funds invested $22 million for a 25% stake in the mattress maker, according to an ET report dated Oct. 29, 2018. Since then, the company has grown three times by expanding online and offline through its two brands.