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.
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.
People of Chumbak
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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 |
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.
| 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 |
Investments & Acquisitions by Chumbak
Financial Statements - Chumbak
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.
| 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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Frequently Asked Questions about Chumbak
Chumbak was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Chumbak is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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.
As of Apr 02, 2024, the latest employee count at Chumbak is 177.
Annual revenue of Chumbak is $8.55M as on Mar 31, 2023.
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.
Chumbak offers Folk Funk Coaster set, Moo-s like Jagger Kutch Cushion Cover, Farmhouse Cake Servers, Marigold Mug, and 2 more products and services.
Chumbak has 8 investors. Key investors include BlackSoil, Klub, GOAT Brand Labs, Gaja Capital, and IQ-EQ.
The valuation of Chumbak is $88.91M as of Nov 2020.