India’s Furlenco to sell 35% stake for $36.5 million

TechCrunch
By Manish SinghJul 17, 2023, 10:06 am153 pts
Sheela Foam, the maker of the mattress brand Sleepwell, will be acquiring a 35% stake in furniture startup Furlenco, the publicly listed firm said Monday as it pushes for a bigger share of India’s mattress market. Sheela Foam has proposed to pay $36.5 million for the 35% stake in the Bengaluru-headquartered…

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