The Sleep Company Appoints New CFO for Enhanced Financial Management

Direct-to-consumer (D2C) mattress and sleep solutions enterprise, The Sleep Company, has announced the appointment of Hemal Jain as its chief financial officer (CFO). This announcement was made via LinkedIn on Thursday. Jain brings more than twenty years of expertise in sectors such as FMCG, food technology, quick commerce, B2B, and startup consulting.

Hemal Jain’s Professional Background

In the LinkedIn post, The Sleep Company highlighted Jain’s extensive experience in collaborating with founders and CXOs, spearheading large finance teams, and guiding organisations from high cash burn stages to sustainable profitability. Before joining The Sleep Company, Jain held a significant role in finance leadership at Eternal. He previously served as the global head of finance and CFO of Hyperpure at Zomato, resigning from this position in 2023. Jain’s earlier career also includes valuable stints at FMCG giant Hindustan Unilever Limited (HUL).

Company Performance and Future Prospects

This appointment comes during a period of robust growth for The Sleep Company. Recent regulatory filings indicate that the Mumbai-based startup registered a 60% increase in operating revenue, reaching Rs 499 crore in FY25. However, despite this impressive revenue surge, the company continued to experience losses throughout the year, albeit with losses diminishing compared to the previous fiscal cycle.

Product Offerings from The Sleep Company

Founded by Harshil Salvi and Priyanka Salot, The Sleep Company provides a range of products, including mattresses, pillows, cushions, bedding, and office chairs. Besides their official website, the company’s products are also available on various e-commerce platforms like Amazon and Flipkart.