Chumbak news and archive

Chumbak's revenue growth declines in 2017

Chumbak, the lifestyle products retailer has reported a sharp drop in revenue growth for year ending March 2017 but its losses widened just a tad thanks to a slower rise in costs. According to the company's regulatory filings, net sales for 2016-17 rose 20.6 per cent to Rs 41 crore, this compares with an almost 80 per cent increase in revenue...

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Business

Chumbak raises fresh funds to expand retail, increase product portfolio

Bengaluru-based lifestyle brand Chumbak has raised $13.1 million (nearly Rs 85 crore) in a funding round led by Mumbai-based private equity firm, Gaja Capital. The round also saw participation from existing investors Matrix Partners and Seedfund. The company sells designer T-shirts, tins, coffee mugs, shot glasses, mouse pads, bookmarks,...

Retail

Chumbak raises funding from Blacksoil, looking to expand retail

Lifestyle brand, the Bangalore-based Chumbak Design, has raised Rs 11 crores via equity and debt funding from November 2016 to May this year, as per filings with the Registrar of Companies (RoC). In May, it had raised Rs 8 crore in debt from Mumbai-based non-banking financial company Blacksoil Capital. The funds will be used to meet its working...

Retail

Chumbak applies for single brand license

Bangalore-based Chumbak Designs, is a foreign-funded homegrown single brand company. Chumbak has now applied for a single brand license that will allow them to carry out retailing through brick-and-mortar as well as online stores. Chumbak opened in 2010 and initially supplied to MBOs. It operates 18 Chumbak-branded stores in popular malls and...

Retail

Wildcraft, Chumbak design products for Indian sensibilities

Many Indian entrepreneurs are bucking the trend of selling purely western products. Instead they are designing for Indian sensibilities. This new generation of entrepreneurs include Wildcraft, Chumbak, iD Fresh Food and Chai Point. Wildcraft, which makes outdoor gear and apparel, decided to keep the Indian needs in mind when designing their...