Chumbak is an online retail store. Chumbak’ means Magnet in Sanskrit. Their vision is designing fun collectables & collectibles inspired by India, to remember as a souvenir.
Chumbak has grown into a globally inspired lifestyle brand, creating joyful and fun products in all kinds of home decor, accessories, fashion and personal care, all designed to brighten up your home, office, and wardrobe.
Founder
Starting in 2010, Chumbak is the result of the vision and hard work of founders Shubhra Chadda and Vivek Prabhakar. They are headquartered in Bangalore, Karnataka.
Founders Vivek and Shubhra loved travelling & collecting souvenirs. In 2010 they founded Chumbak to create keepsakes with India themed designs for people to take back mementos for their time in the country.
Initially, products were India theme-based. Now the products & designs are inspired by cultures and art forms from all around the world, blended with fun and colourful designs that are pretty, quirky and uplifting.
Beginning
Shubhra & Vivek started their business adventure with an initial investment of Rs 40 Lakhs which they got by selling their apartment in Bangalore. In a couple more years, they added many more products to its catalogues like stationeries, bags and keys, jewellery, wallets, apparel, and home furnishings.
Chumbak has become one of the India’s most stylish home decor and accessories brands. The brand instantly gained popularity in no time and has become one of the country’s leading lifestyle and decor brand names.
Funding
Chumbak has raised a total of $27M in funding over 6 rounds. Their latest funding was raised on May 6, 2019, from a Series D round.
Investors
5 investors fund Chumbak. Seed fund. In and Matrix Partners India are the most recent investors.
Lead investors include Gaja capital, Narayan Ramachandran and Black soil.
Achievements
● Chumbak has more than 70 exclusive stores across India with over 100 product categories.
● Chumbak got its single-brand retail license in 2017.
● Company has raised funding of $ 2 million in Series A funding from Seedfund India in 2012, followed by a Series B from Seedfund India and Matrix Partners.
Future
Chumbak is now aiming for a Rs 400 crore target for their annual revenue within the next few years.
They in Invision to include more design and culture of other countries and cultures.
The product range offered by them is immense and has the most unique and colourful designs.
For people who like to experiment with their taste, minimalism gives us a feeling of being structured, but all these quirky and not so usual things can make your bohemian side shine.
Add a pop of colour or add any piece in any of your areas, and it will completely amp up the look and feel of the place. You can gift or keep it with yourself, check out their store or their site, Chumbak will always leave you satisfied.
Find anything that will suit your mood, clothing, accessories, decor, and so much more! Looking for home or creative office spaces, you can trust Chumbak with all of those needs.
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