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

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 startup, the older firm […] India’s Furlenco to sell 35% stake for $36.5 million by Manish Singh originally published on TechCrunch...