Sheela Foam Purchases Kurlon and 35% Stake in Furlenco

  • Sleepwell-parent Sheela Foam acquires majority stake in Kurlon Enterprises and approximately 35% stake in online furniture retailer Furlenco.
  • The deals respectively value Kurlon at roughly Rs 2,150 crore ($260 million), and Furlenco at about Rs 857 crore (over $100 million).
  • Investment in Furlenco will position Sleepwell against other new-age furniture companies such as Rentomojo, Rentickle, Cityfurnish and Pepperfry.
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