Wakefit Innovations Limited
Mirae Asset Mutual Fund increased its stake in Wakefit Innovations from 4.83% to 5.40%, buying 18,75,417 shares for ₹21.77 Cr at ₹116.07 apiece and crossing the 5% disclosure threshold.
A direct-to-consumer home and sleep solutions company, Wakefit Innovations designs and sells mattresses, furniture, and home furnishings through its own digital channels and retail outlets. The company manufactures products in-house, enabling control over quality, design, and pricing across its product range. Founded in 2016, it serves the affordable home comfort segment, offering solutions for sleep and living spaces across India.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.