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
May 24, 2019
Biofourmis will deploy the funds to expand its business in the US as well as Asian markets. ...More
By Jaspreet Kaur
May 24, 2019
Reliance Capital Ltd, the investment arm of Reliance Group, is making its departure from mutual fund ...More
By Jaspreet Kaur
May 22, 2019
Spinny will be deploying the fresh capital to widen its footprint in Bengaluru. ...More
By Jaspreet Kaur
May 22, 2019
Edelweiss Insurance Brokers, a subsidiary of Edelweiss Financial Services, will sell a small portion ...More
By Jaspreet Kaur
May 21, 2019
According to the strategic partnership, Padukone will possess equity in the company ...More
By Jaspreet Kaur
May 21, 2019
Livspace will be utilizing funds in various domains such as in creating novel home interior solution ...More
By Jaspreet Kaur
May 20, 2019
Coatue Management, the American-based hedge fund, is planning to lead $120 million funding round in ...More
By Jaspreet Kaur
May 20, 2019
The Indian infra firm, IL&FS (Infrastructure Leasing and Financial Services) proclaimed that Japanes ...More
By Jaspreet Kaur
May 18, 2019
 Nippon Life will disburse nearly INR 4,484 crore to obtain a major stake of Reliance Capital in the ...More
By Jaspreet Kaur
May 18, 2019
Brookfield Asset Management’s CEO wishes Howard Marks, Co-founder of Oaktree Capital, to continue do ...More
By Jaspreet Kaur
May 17, 2019
The business deal will give grocery store chain, Spencer access to major cities like Pune, Mumbai an ...More
By Jaspreet Kaur
May 17, 2019
Games2win, the Indian mobile game firm has initiated a fund aiming to support startups and entrepren ...More
By Jaspreet Kaur