Owners are looking to exit due to personal reasons
Description
A fast-growing DTC company in the home & living space with strong growth and expansion potential. Company is a market disruptor in the home & living space with strong momentum and highly positive reviews. Founded in 2018, the team spent some time doing R&D to create an all-in-one mattress that recharges, supports and cools, before rolling out the products into the market.
The brand has swiftly established itself as a frontrunner by taking up a sizeable portion of the market share and mind share. The business is profitable and achieved a revenue growth of 324% in 2023 as compared to 2022.
With a more stabilized inventory management, new launches of product lines and improved marketing, the business is set to continue growing strongly in both topline and bottomline.
Growth Opportunities: 1. Expand regionally – product is currently only available in Singapore; business can serve as a gateway to Asia. 2. Expand into related product offerings. 3. Greater optimization and better inventory management will result in better sales and profits
Singapore
