About EUME
EUME is a company based in Mumbai (India) founded in 2018 by Pranay Parekh, Naina Parekh, and Sanjay C Parekh.. EUME has raised $5.23 million across 3 funding rounds from investors including Mumbai Angels, GM Modular and Lepton Software. The company has 24 employees as of April 05, 2024. EUME operates in a competitive market with competitors including Mokobara, uppercase, Assembly, Nasher Miles and Arista Vault, among others.
- Headquarter Mumbai, India
- Employees 24 as on 05 Apr, 2024
- Founders Pranay Parekh, Naina Parekh, Sanjay C Parekh
- Stage Minicorn
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Sectors
RetailTravel & Hospitality
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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 Eume Lifestyle Private Limited
- Date of Incorporation 10 Aug, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.72 M (USD)809.23as on Mar 31, 2023
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Net Profit
$-96.55 K (USD)-852.07as on Mar 31, 2023
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EBITDA
$-98.27 K (USD)-630.43as on Mar 31, 2023
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Total Equity Funding
$5.23 M (USD)
in 3 rounds
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Latest Funding Round
$2.94 M (USD), Series A
May 22, 2025
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Investors
Mumbai Angels
& 30 more
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Employee Count
24
as on Apr 05, 2024
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Funding Insights of EUME
EUME has successfully raised a total of $5.23M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.94 million completed in May 2025. 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 3
- Last Round Series A — $2.9M
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First Round
First Round
(16 Dec 2022)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series A - EUME | Valuation | Himalaya Finance and Investment | |
| Mar, 2024 | Amount | Series A - EUME | Valuation | Ashish Kacholia | |
| Dec, 2022 | Amount | Seed - EUME | Valuation | Mumbai Angels |
| 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 EUME
EUME has secured backing from 31 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Mumbai Angels, GM Modular and Lepton Software. 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 in high-growth startups and angel funding services in India.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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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 EUME
| 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 - EUME
| 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 |
Eume Comparisons
Competitors of EUME
EUME 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 Mokobara, uppercase, Assembly, Nasher Miles and Arista Vault, 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 |
Provider of luggage, backpacks, totes, handbags, briefcases, and travel accessories
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| domain | founded_year | HQ Location |
Handcrafted eco-friendly luggage and backpack bags are sold online.
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| domain | founded_year | HQ Location |
Luggage bags and travel accessories are offered online by Assembly.
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| domain | founded_year | HQ Location |
Travel luggage and accessories are designed and retailed online.
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| domain | founded_year | HQ Location |
Smart wallets and accessories are manufactured and sold online.
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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 Eume
Frequently Asked Questions about EUME
When was EUME founded?
EUME was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is EUME located?
EUME is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is EUME a funded company?
EUME is a funded company, having raised a total of $5.23M across 3 funding rounds to date. The company's 1st funding round was a Seed of $495.53K, raised on Dec 16, 2022.
How many employees does EUME have?
As of Apr 05, 2024, the latest employee count at EUME is 24.
What is the annual revenue of EUME?
Annual revenue of EUME is $1.72M as on Mar 31, 2023.
What does EUME do?
EUME was founded in 2018 and is based in Mumbai, India. Operations focus on the retail sector for travel goods, where a selection of cabin and check-in luggage, backpacks, messenger bags, and handbags is provided. Accessories such as wallets, passport holders, and organizers are also offered in various styles and materials. All products are made available through an online platform for customer purchases.
Who are the top competitors of EUME?
Who are EUME's investors?
EUME has 31 investors. Key investors include Mumbai Angels, GM Modular, Lepton Software, Lead Angels, and Arvog.
What is EUME's valuation?
The valuation of EUME is $5.99M as of Mar 2024.