WESTPORT, Conn., Aug. 24, 2017 /PRNewswire/ -- The Saatva Company, a rapidly expanding online luxury mattress retailer, has been honored for the third consecutive year on the Inc. 5000 2017 list, an exclusive ranking of the nation's fastest growing private companies.
Saatva placed in the top 500 at 266, moving up 50 spots from last year, and was ranked 14 out of 168 retail companies nationwide. Making the list for the third time, Saatva is part of an elite group of companies receiving Inc.'s Honor Roll status, a milestone less than a tenth of Inc. 5000 honorees ever achieve. Saatva is on the list among other rising brands such as Halo Top Creamery, S'well and FabFitFun.
Co-founded by Ron Rudzin, a home furnishings industry expert, and Ricky Joshi, an experienced entrepreneur, Saatva has been profitable since its third month of business and achieved $146 million in revenue in 2016, an increase of 128 percent from 2015. Saatva has about 18 percent of the online mattress market share, is expected to reach $200 million in revenue this year and is focused on becoming a $1 billion company within five years.
"It's an honor to be named to the Inc. 500 list for the third time," said Ron Rudzin, CEO and co-founder. "We have experienced tremendous growth over the past few years, which is a testament to our focus on creating a solid and profitable business before seeking funding. By focusing on building well-run operations, providing top customer service and leveraging our industry experience, we have developed a strong foundation and continue to grow."
With a devoted team of customer service representatives and more than 20,000 positive reviews, Saatva is dedicated to providing the best experience for it consumers. Saatva is the only online luxury mattress company that does not sell a bed-in-a-box. The company provides consumers with high-quality, eco-friendly premium mattresses priced up to 70 percent less than similar quality mattresses sold by brick and mortar industry leaders. Saatva has a full delivery infrastructure network of 17 factories and 144 delivery partners, and an industry-low return rate of 5.6%.
About The Saatva Company
The Saatva Company is the largest and most successful online retailer of luxury mattresses in the United States. The company is devoted to building customer relationships based on providing the most honest, efficient and courteous buying experience over a lifetime of mattress purchases. The Saatva Company designs and delivers luxury mattresses and its exclusive Lineal Adjustable Base through 17 factories and 144 delivery partners. Unlike most other online mattress sites, The Saatva Company delivers and sets up all of its ultra-luxury products in the customers' home, creating a hassle-free buying experience. By cutting out the middleman and retail store markups in the traditional supply chain, the company is able to provide a luxury product at dramatically lower prices.
For more information visit www.saatva.com.
About Inc. 500/5000
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
SOURCE The Saatva Company