$60 million garnered by Duroflex from Norwest Venture Partners
Thu, Oct 14, 2021 4:47 PM

$60 million garnered by Duroflex from Norwest Venture Partners

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Duroflex garnered $60 million (about Rs 450 crore) in funds from the Silicon Valley-based equity venture and growth equity investment firm Norwest Venture Partners through a mix of primary and secondary capital. The mattress brand has been rapidly expanding its presence and plans to have 1000 stores by the end of this fiscal. Currently, the company has 800 franchise-owned stores.

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