WoodenStreet Targets IPO by 2027

  Published 1 year ago

WoodenStreet plans to quadruple revenue in three years via expansion in mattresses, modular furniture, and aggressive offline growth.

  • Aims for ₹10 billion revenue and profitability before pursuing public listing; FY24 loss at ₹109 million post pandemic.
  • Launches “Penguin Sleep” mattress brand; plans to triple store count to 300+ within two years, focusing on big cities.
  • Focus remains on independent growth, not acquisition, amid IPO plans of rivals Wakefit and Duroflex.

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