About Chumbak
Chumbak is a company based in Bengaluru (India) founded in 2009 by Vivek Prabhakar and Shubhra Chadda was acquired by GOAT Brand Labs in January 2023.. Chumbak has raised $36.12 million across 9 funding rounds from investors including BlackSoil, Klub and GOAT Brand Labs. The company has 177 employees as of April 02, 2024. Chumbak offers products and services including Folk Funk Coaster set, Moo-s like Jagger Kutch Cushion Cover, Farmhouse Cake Servers, Marigold Mug, and Raasta Mini Backpack. Chumbak operates in a competitive market with competitors including Wakefit, 10Club, Nestasia, Fabindia and Frido, among others.
- Headquarter Bengaluru, India
- Employees 177 as on 02 Apr, 2024
- Founders Vivek Prabhakar, Shubhra Chadda
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Chumbak Design Private Limited
- Date of Incorporation 28 Apr, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.55 M (USD)7.87as on Mar 31, 2023
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Net Profit
$-788.75 K (USD)81.19as on Mar 31, 2023
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EBITDA
$-1.76 M (USD)29.3as on Mar 31, 2023
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Total Equity Funding
$36.12 M (USD)
in 9 rounds
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Latest Funding Round
$367.83 K (USD), Series D
Sep 27, 2022
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Investors
BlackSoil
& 7 more
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Employee Count
177
as on Apr 02, 2024
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Acquired by
GOAT Brand Labs
(Jan 12, 2023)
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Products & Services of Chumbak
Chumbak offers a comprehensive portfolio of products and services, including Folk Funk Coaster set, Moo-s like Jagger Kutch Cushion Cover, Farmhouse Cake Servers, Marigold Mug, and Raasta Mini Backpack. 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.
Set of coasters for table protection and decoration.
Cushion cover with unique Kutch-inspired design.
Set of servers for cutting and serving cakes.
Handpainted stoneware mug for daily beverage use.
Mini backpack with patch-print for everyday carry.
Watch with mesh strap for casual wear.
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Funding Insights of Chumbak
Chumbak has successfully raised a total of $36.12M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $367.83 thousand completed in September 2022. 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 9
- Last Round Series D — $367,830
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First Round
First Round
(01 Sep 2012)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series D - Chumbak | Valuation | Klub |
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| Nov, 2020 | Amount | Series D - Chumbak | Valuation | Gaja Capital |
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| Apr, 2019 | Amount | Series D - Chumbak | Valuation | Gaja Capital |
| 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 Chumbak
Chumbak has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include BlackSoil, Klub and GOAT Brand Labs. 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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Investment firm partnering with entrepreneurs in India's domestic economy.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding and support for Indian startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Chumbak
| 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 - Chumbak
| 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 |
Chumbak Comparisons
Competitors of Chumbak
Chumbak 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 Wakefit, 10Club, Nestasia, Fabindia and Frido, 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 |
An internet first brand company offering customized mattresses
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| domain | founded_year | HQ Location |
Multi-category home products are offered through an internet-first platform.
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| domain | founded_year | HQ Location |
Internet-first brand of multi-category home improvement products
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| domain | founded_year | HQ Location |
Internet first brand of ethnic wear, home furniture, and home decor products
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| domain | founded_year | HQ Location |
Ergonomic products for pain relief and posture support are provided.
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| domain | founded_year | HQ Location |
Brand of home & office furniture and decor products
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Chumbak
Frequently Asked Questions about Chumbak
When was Chumbak founded?
Chumbak was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Chumbak located?
Chumbak is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Chumbak a funded company?
Chumbak is a funded company, having raised a total of $36.12M across 9 funding rounds to date. The company's 1st funding round was a Series D of $10.1M, raised on Sep 01, 2012.
How many employees does Chumbak have?
As of Apr 02, 2024, the latest employee count at Chumbak is 177.
What is the annual revenue of Chumbak?
Annual revenue of Chumbak is $8.55M as on Mar 31, 2023.
What does Chumbak do?
Chumbak was established in 2009 in Bengaluru, India, as a manufacturer and retailer of lifestyle products across over 100 categories, including hand-crafted items like bags, wallets, and accessories, with expansion into womens apparel. Operations encompass online sales via the company website and platforms such as Flipkart, Myntra, and Snapdeal, alongside multi-brand retail outlets and company-owned physical stores. Online gifting options are facilitated for customers.
Who are the top competitors of Chumbak?
What products or services does Chumbak offer?
Chumbak offers Folk Funk Coaster set, Moo-s like Jagger Kutch Cushion Cover, Farmhouse Cake Servers, Marigold Mug, and 2 more products and services.
Who are Chumbak's investors?
Chumbak has 8 investors. Key investors include BlackSoil, Klub, GOAT Brand Labs, Gaja Capital, and IQ-EQ.
What is Chumbak's valuation?
The valuation of Chumbak is $88.91M as of Nov 2020.
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