# Chumbak Design Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chumbak-design-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.chumbak.com
- Total disclosed funding: $29M
- Latest round: Series D (Nov 21, 2019)
- Investors on record: 4

## About

Chumbak Design Pvt. Ltd. is a design-driven company based in India, focusing on creating modern Indian lifestyle products that blend cultural elements with contemporary aesthetics.Founded in 2010 in Bangalore, India, Chumbak specializes in lifestyle products, including home décor and fashion. The company has completed 13 deals, with its latest investment round, which raised INR 30.00 mn, occurring on January 12, 2023. The company was co-founded by Shubhra Chadda and Vivek Prabhakar, with Vasant Nangia currently serving as CEO. In January 2023, G.O.A.T. Brand Labs Pte. Ltd. acquired a 77% majority stake in Chumbak from previous investors, including Seedfund and Matrix Partners, to enhance its growth as a global brand in the home and gifting sector.Chumbak specializes in modern Indian design, offering a variety of products such as hand-painted tableware, decorative cushions, stylish bags, and travel accessories. These items reflect contemporary aesthetics infused with Indian cultural elements, catering to consumers seeking to enhance their homes and lifestyles with unique artistry. Chumbak's offerings appeal to urban consumers across India, the United States, and other international markets.In 2023, Chumbak reported a revenue of INR 7,326,410.70, with an EBITDA of INR -465,999.60. The company generates revenue primarily through direct-to-consumer sales via its online platform and retail locations, focusing on seasonal collections and collaborations with retail outlets to expand its reach.Chumbak is poised for growth, with plans to launch new product lines integrating modern design with traditional Indian elements. The company is targeting specific markets for geographical expansion, aiming to increase its presence in the United States and European regions. The recent funding will help accelerate these initiatives, allowing Chumbak to strengthen its brand positioning in the home and gifting space, aligning with G.O.A.T. Brand Labs' strategy to enhance its portfolio.

## Funding rounds

- Series D, Nov 21, 2019, $4.9M — Gaja Capital Partners
- Series D, Apr 16, 2019, $5M — Seedfund, Gaja Capital Partners, Z47
- Series C, Nov 27, 2017, $8M — Matrix Partners, Seedfund, Gaja Capital Partners, Z47
- Series C, Nov 9, 2017, $1.4M — Z47
- Series B, Sep 18, 2015, $3M — Seedfund, Z47
- Seed, May 8, 2014, $5M — Seedfund, Z47
- Series A, Feb 1, 2013, $2M — Seedfund

## Investors

- Seedfund (https://capitalatlas.ai/funds/seedfund) — Series A, Seed, Series B, Series C, Series D
- Z47 (https://capitalatlas.ai/funds/z47) — Seed, Series B, Series C, Series D
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series C
- Gaja Capital Partners (https://capitalatlas.ai/funds/gaja-capital-partners) — Series C, Series D