your password has been reset successfully, Please login again.

Chumbak Design Receives Investment of INR 70 crores from Investors   

Chumbak Design, the Indian lifestyle firm has received INR 70 crores in Series D round of funding
BY BEx Bureau
BusinessEx
May 07, 2019

Chumbak Design, the Indian lifestyle firm has received INR 70 crores in Series D round of funding. Gaja Capital led the funding round of the lifestyle company, as reported by the Indian daily news, The Economic Times.

In the round of funding, apart from Gaja Capital, Matrix Partners, the US-based investment company has also participated.

The procured funds will be utilized to expand Chumbak Designs business in main 2-tier cities and also, increase the count of its offline stores. Alongside this, the company will be entering in new categories like personal care and beauty.

In 2017, Chumbak Design received an investment of around INR 65 crore from Gaja Capital, Seed Fund and Matrix in Series C round of funding. With the present funding, Gaja Capital has turned into the largest stakeholder in the company with nearly 35per cent shares.

Chumbak Design was initiated in 2010 by the married duo-Vivek Prabhakar and Shubhra Chadda. The lifestyle company deals in an array of products essentially segregated into accessories, home decor and apparel.

Gopal Jain, the Managing Partner of Gaja Capital, has affirmed the fundraising round but has not shared the financial deets, as reported by the Indian daily news, The Economic Times.

Please add your Comment
SIMILAR News
October 14, 2019
Singapore-headquartered e-commerce company, Shopmatic Pte Ltd has wholly acquired SaaS startup, Comb ...More
By Jaspreet Kaur
October 14, 2019
CarDekho, the online platform has created an ecosystem to help its consumers to buy and sell cars ef ...More
By Jaspreet Kaur
October 11, 2019
By Jaspreet Kaur
October 10, 2019
The company targets on middle, as well as low income demographic, relating to Tier-II and Tier-III c ...More
By Jaspreet Kaur
October 10, 2019
Mental health startup firm, NeuroLeap has obtained funding from Sminu Jindal, Managing Director of J ...More
By Jaspreet Kaur
October 09, 2019
Kosha, which was incorporated in 2017, renders designed clothes for adventurous tours via technology ...More
By Jaspreet Kaur
October 09, 2019
This will also aid in delivering substantial synergies for expanding its lamp business and product o ...More
By Jaspreet Kaur
October 08, 2019
Axis Asset Management Company-led realty fund will infuse in an affordable housing project in Bengal ...More
By Jaspreet Kaur
October 08, 2019
The new fund will be infusing in performing credits, mainly as lending private loans in mid-sized fi ...More
By Jaspreet Kaur
October 07, 2019
Greytip Software Pvt. Ltd. has amassed INR 34.5 crore in Series C funding round from Info Edge Ltd. ...More
By Jaspreet Kaur
October 07, 2019
Petronas, which is currently a single manager of oil and gas reserves in Malaysia, contributes a sig ...More
By Jaspreet Kaur
October 04, 2019
As a result of the merger, NA Shah’s employee base will increase to more than 230 with over 80 chart ...More
By Jaspreet Kaur