Home / Knowledge / News / Textiles / Lighthouse invests ₹160 cr in mattress company Duroflex

Lighthouse invests ₹160 cr in mattress company Duroflex

31
Oct '18
Courtesy: Duroflex
Courtesy: Duroflex
Lighthouse Fund, India's leading consumer-focused private equity fund, has invested ₹160 crore ($22 million) in Duroflex, a dominant mattress player in south India. Duroflex plans to utilise the money raised from Lighthouse to fund its expansion plans by adding over 500 exclusive business outlets (EBOs) in west and east India in the near future. 
 
Duroflex has five manufacturing facilities located in Tamil Nadu, Telangana and Kerala which manufacture a wide range of mattresses and PU foam products. It has a robust distribution network across south India, selling at more than 3,000 retail outlets. The company offers a wide array of products under sub-brands such as Energise, Duropedic and Natural Living addressing the needs of specific consumer groups. The company is expecting a turnover of over Rs450 crore in the current financial year. 
 
"We are very excited to have Lighthouse as partner in our growth journey given their impressive track record of investments in over twenty-five brands. We look forward to their support and guidance as we expand into new markets and try new business strategies. We have been able to build a strong brand in south India on the back of consistent quality and would want to multiply efforts to replicate similar success in our new markets," said Mathew Chandy, managing director, Duroflex, said in a media release.
 
"We are pleased to become a partner in Duroflex and help them in their journey as they grow to the next level. We really appreciate various initiatives undertaken by the management to increase the market share led by product innovations and new launches over the last few years. We are very excited by the growth opportunity ahead of the company," added Sachin Bhartiya, partner at Lighthouse. (PC)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: BRC

Retail | On 4th Jul 2020

UK retailers collaborate to combat climate change

Twenty UK retailers have signed a declaration to develop a road map...

Pic: Thika Cloths Mills

Apparel/Garments | On 4th Jul 2020

Hope for Kenyan fabric manufacturer after govt order

Kenya's Thika Cloths Mills that was on the brink of closure following ...

Pic: Canopyplanet

Apparel/Garments | On 4th Jul 2020

Amazon is part of CanopyStyle initiative

Amazon, the largest online retailer, has joined CanopyStyle...

Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Prakhar Singh,

Prakhar Singh

Morgan Tecnica offers the largest and most modern range of solutions for...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search