The company has received Series A funding from Sequoia Capital India in 2018, and Series B funding of Rs 185 crores from Verlinvest and Sequoia Capital India in December The company will use the funding to further its omni-channel expansion plans, boost supply chain and logistics management, technological enhancement and for marketing. “The company is currently clocking annualised revenue run rate of Rs 700 crore, almost double of what it earned in the last financial year,” said Ramalingegowda, cofounder and director, Wakefit. For financial year ending March 31, 2021, the company had revenues of Rs 416 crore.