About Bummer
Bummer is a company based in Ahmedabad (India) founded in 2020 by Sulay Malav Lavsi.. Bummer has raised $1.97 million across 6 funding rounds from investors including Marwah Steels, Gruhas and IVY Growth Associates. The company has 11 employees as of April 06, 2024. Bummer offers products and services including Trunks, Bikini, Boxers, Build A Pack, and Matching Sets. Bummer operates in a competitive market with competitors including Freecultr, Tailor And Circus and Bruchiclub, among others.
- Headquarter Ahmedabad, India
- Employees 11 as on 06 Apr, 2024
- Founders Sulay Malav Lavsi
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ballr Apparels Private Limited
- Date of Incorporation 08 Jan, 2019
- Jurisdiction City Taluka, Gujarat, India
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Annual Revenue
$941.62 K (USD)228.56as on Mar 31, 2023
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Net Profit
$-354.43 K (USD)-181.1as on Mar 31, 2023
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EBITDA
$-325.95 K (USD)-186.95as on Mar 31, 2023
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Total Equity Funding
$1.97 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Marwah Steels
& 24 more
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Employee Count
11
as on Apr 06, 2024
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Products & Services of Bummer
Bummer offers a comprehensive portfolio of products and services, including Trunks, Bikini, Boxers, Build A Pack, and Matching Sets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comfortable men's trunks for everyday wear and activities.
Women's bikini underwear designed for comfort and style.
Men's boxers offering breathable and stretchable fabric.
Customizable packs of underwear for personalized purchases.
Coordinated sets for couples to wear together.
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Funding Insights of Bummer
Bummer has successfully raised a total of $1.97M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(24 Jul 2021)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Angel Round - Bummer | Valuation | Sanjay Kumar Behl |
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| Feb, 2024 | Amount | Seed - Bummer | Valuation | Gruhas Collective Consumer Fund | |
| Dec, 2022 | Amount | Seed - Bummer | Valuation | Fluid Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bummer
Bummer has secured backing from 25 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Marwah Steels, Gruhas and IVY Growth Associates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Micro investments are targeted by Fluid Ventures venture capital fund.
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Founded Year | Domain | Location | |
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Investment support is offered to consumer space disruptors by the fund.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bummer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bummer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bummer Comparisons
Competitors of Bummer
Bummer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freecultr, Tailor And Circus and Bruchiclub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering eco-friendly innerwear for men and women
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| domain | founded_year | HQ Location |
Internet first brand of under & maternity wear for men and women
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| domain | founded_year | HQ Location |
Online retailer of sustainable innerwear and lingerie for all genders.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bummer
Frequently Asked Questions about Bummer
When was Bummer founded?
Bummer was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Bummer located?
Bummer is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Bummer?
Sulay Malav Lavsi is the current CEO of Bummer. They have also founded this company.
Is Bummer a funded company?
Bummer is a funded company, having raised a total of $1.97M across 6 funding rounds to date. The company's 1st funding round was a Seed of $166K, raised on Jul 24, 2021.
How many employees does Bummer have?
As of Apr 06, 2024, the latest employee count at Bummer is 11.
What is the annual revenue of Bummer?
Annual revenue of Bummer is $941.62K as on Mar 31, 2023.
What does Bummer do?
Bummer was founded in 2020 and is headquartered in Ahmedabad, India. An online platform is operated under the domain bummer.in, where multi-category innerwears and swimwear are provided for both men and women. The e-commerce sector is served through this digital marketplace, focusing on apparel essentials. Leadership is provided by founder and CEO Sulay Malav Lavsi. Operations remain centered in the Indian market.
Who are the top competitors of Bummer?
Bummer's top competitors include Freecultr, Tailor And Circus and Bruchiclub.
What products or services does Bummer offer?
Bummer offers Trunks, Bikini, Boxers, Build A Pack, and Matching Sets.
Who are Bummer's investors?
Bummer has 25 investors. Key investors include Marwah Steels, Gruhas, IVY Growth Associates, Thapar Vision, and Texport Industries.
What is Bummer's valuation?
The valuation of Bummer is $3.5M as of Dec 2022.