Bengaluru-based home and furnishings company Wakefit Innovations, which is backed by Peak XV Partner, Elevation Capital, Investcorp, and Verlinvest, has raised Rs 56 crore in a pre-IPO round from couple of investors, at a valuation of Rs 6,408 crore.

It is a part of pre-IPO placement worth Rs 93.6 crore planned by the company at the time of filing of draft document with the SEBI. And the said pre-round is a part of fresh issue component.

As per IPO plans, Wakefit that claims the largest D2C home and furnishings company in India proposed to raise Rs 468.22 crore via fresh issue, while promoters and investors will be offloading 5.8 crore shares via offer-for-sale. Peak XV Partners, Redwood Trust, Verlinvest, SAI Global India Fund, and Investcorp will be among selling shareholders in the of

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