Sleeping Duck is a company making customized mattresses. This was started by Winston Wijeyeratne and Selvam Sinnappan in 2014. As of January 2024, Sleeping Duck’s net worth is $200 million. They were pulling in a whopping $4.7 million in annual revenue by the time of the pitch.
In 2017, they appeared on Season 03 of Shark Tank Australia, seeking $500,000 for 10% of equity, valuing the company at $10 million. Sharks found Winston and Selvam’s pitch impressive, and they were interested in Sleeping Duck. Both Steve Baxter and Andrew Banks made offers, but the owners did not accept them. After rounds of negotiation, Andrew made a counteroffer, which was also declined; thus, Sleeping Duck had to leave without a deal.
Sleeping Duck had massive business growth, although they could not win a deal. Sleeping Duck is an award-winning mattress company that performs well in the market. You can place orders through the company website. Shipping is available across Australia and the United Kingdom.
Sleeping Duck Net Worth
| Net worth | $200 million (2024) |
| Annual Sales Revenue | $4.7 million (2016) |
| Profits | – |
| Lifetime sales | – |
| Investor | – |
| Founders | Winston Wijeyeratne and Selvam Sinnappan |
| Employees | 50-200 |
Sleeping Duck Net Worth Timeline
| Net Worth 2024 | $200 million |
| Net worth valuation in 2017 before appearing on Shark Tank | $10 million (business valuation) |
Sleeping Duck Pitch on Shark Tank
| Product | Customized mattresses |
| Episode | Season 03 Episode 05 |
| Founders | Winston Wijeyeratne and Selvam Sinnappan |
| Asked for | $500,000 for 5% equity |
| Company name | Sleeping Duck |
| Final deal | No deal |
| Shark | No shark |
| Location | Prahran, Victoria |
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Sleeping Duck Founders
Winston Wijeyeratne and Selvam Sinnappan founded Sleeping Duck in 2014. Winston and Selvam are college friends and determined young entrepreneurs. Winston is an Aerospace Engineering graduate, and Selvam is a Civil Engineering graduate. Sleeping Duck’s founders Winston Wijeyeratne and Selvam Sinnappan’s net worths are unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2017 | Sleeping Duck was featured in Shark Tank. |
| 2023 | Over the past years, Sleeping Duck won several awards for its unique design and high quality. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Sleeping Duck and its continued success.
