Ramalingegowda goal is to capitalize on the UAE’s growing e-commerce market
Wakefit.co, India’s leading sleep and home solutions company, announced its business expansion into the United Arab Emirates (UAE), a highly sought-after market for global brands and an online market with a CAGR of 8.6%.
Wakefit.co aims to meet the distinctive needs of the Emirati community and the subcontinent diaspora in the country.
“Recognising the region’s substantial purchasing power and market size, the company aims to cater to an audience that is looking to shop for sleep solutions products online,” said Wakefit.co which wants to establish itself as a trusted and reputable name in the burgeoning UAE market.
The UAE is a major market in the Middle East and North Africa (MENA) region and is known for its strong economy, favorable business environment, and strategic geographic location.
The Bangalore-registered company has entered the region with a focus on its main categories: mattresses and mattress protectors. The offering saw a strong uptake from customers and the pilot batch was sold out within the first few days of the launch.
Sharing his views on the expansion, Chaitanya Ramalingegowda, Director and Co-founder, Wakefit.co, said, “Expanding in the UAE market is a significant milestone for Wakefit.co. We have witnessed enormous growth since our inception, and we aim to replicate this growth in the UAE as well.
“Our goal is to capitalize on the UAE’s growing e-commerce market and serve the large consumer base. The strong economy and favourable business infrastructure of the region present an ideal environment for us to find our initial customers and establish Wakefit.co as a trusted name in the market.
“We believe that the UAE market is a great opportunity for us to grow our business and become a leading provider of sleep solutions in the region.”
Anand Menon, General Manager – Strategy, Wakefit.co, said, “We are thrilled to bring Wakefit.co’s acclaimed sleep solutions products to the UAE market. We have worked diligently to make this expansion possible, and are proud of the efforts we have put in to bring this expansion to life.
“While we have initially introduced some bestsellers from our range of sleep solutions products such as mattresses and mattress protectors, our ultimate goal is to provide a more comprehensive product offering in the UAE market. Our aim is to be empathetic and mindful as we understand the cultural codes and regulatory guidelines of the region.
“We are confident that the UAE market will serve as a solid bedrock for our international expansion endeavors, enabling us to establish a strong presence in the region.”
Wakefit.co is backed by prestigious investors like Sequoia Capital India, Verlinvest, SIG and Investcorp, and has raised four rounds of funding (Series A through D) so far. Fiinews.com
