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Chumbak is an acquired company based in Bengaluru (India), founded in 2009 by Alicia Souza, Vivek Prabhakar and Shubhra Chadda. It operates as an Internet first brand of apparel for women. Chumbak has raised $36.1M in funding from investors like Gaja Capital, Z47 and Seedfund, with last known valuation of $88.9M. The company has 557 active competitors, including 19 funded and 13 that have exited. Its top competitors include companies like Wakefit, 10Club and Fabindia.
Company Details
Chumbak is a manufacturing and product retailing company of multi-category lifestyle products. Its catalog includes more than 100 categories of hand-crafted designer products such as bags, wallets, key chains, coffee mugs, travel, and tech accessories. It expanded its product catalog to include curated apparel for women. It also provides online gifting services. The company sells its products online on its website and other e-commerce platforms like Flipkart, Myntra, and Snapdeal. It also sells through multi-brand retailers as well as in its self-owned offline stores.
- Website
- www.chumbak.com/
- Social
- Email ID
- *****@chumbak.in
- Phone Number
- +91 **********
Key Metrics
Founded Year
2009
Location
Bengaluru, India
Stage
Acquired
Total Funding
$36.1M in 9 rounds
Latest Funding Round
Last Known Valuation
$88.9M as on Nov 18, 2020
Investors
Ranked
9th among 557 active competitors
Annual Revenue
₹63.6Cr as on Mar 31, 2024
Employee Count
156 as on Jan 31, 2025
Exit Details
Acquired by GOAT Brand Labs (Jan 12, 2023)
Legal entities associated with Chumbak
Chumbak is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Apr 26, 2011 | $7.68M (as on Mar 31, 2024) | 156 (as on Jan 31, 2025) |
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Chumbak's acquisition details
Chumbak got acquired by GOAT Brand Labs on Jan 12, 2023. It was facilitated by The Rainmaker Group.
Click here to take a look at Chumbak's acquisition in detail
Chumbak's funding and investors
Filter this listChumbak has raised a total funding of $36.1M over 9 rounds. Its first funding round was on Sep 2012. Its latest funding round was a Series D round on Sep 27, 2022 for $368K. 1 investor participated in its latest round, lead by Klub.
Chumbak has 6 institutional investors including Gaja Capital, Z47 and Seedfund. Gaja Capital is the largest institutional investor in Chumbak. There are 3 Angel Investors in Chumbak.
Here is the list of recent funding rounds of Chumbak:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Sep 27, 2022 | $368K | Series D | 7700028 | 1141647 | |
Nov 18, 2020 | $1M | Series D | 5764187 | 7820010 | |
Apr 16, 2019 | $10.1M | Series D | 3473790 | 8058610 |
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Chumbak's founders and board of directors
Founder? Claim ProfileHere are the details of Chumbak's key team members:
- Alicia Souza: Former Co-Founder of Chumbak and founder of 1 other company. They are also an angel investor in 2 startups.
- Vivek Prabhakar: Co-Founder & Director of Chumbak. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Shubhra Chadda: Co-Founder of Chumbak. They serve on the board of 1 company.
Chumbak's Board of Directors
Chumbak's board has 3 active members. Ranjit Jayant Shah, Vivek Prabhakar and Shubhra Chadda are part of team.Here is the list of Chumbak's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 14y 1m | |
Team | - | Current | 14y 1m | |
Investor | Gaja Capital | Current | 7y 6m |
View details of Chumbak's Founder profiles and Board Members
Chumbak's employee count trend
Chumbak has 156 employees as of Jan 25. The total employee count is 15.0% lower than what it was in Jan 24. Here is Chumbak's employee count trend over the years:Uncover Chumbak's growth story! Sign up today!Access Tracxn on any website
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Chumbak's Competitors and alternates
Top competitors of Chumbak include Wakefit, 10Club and Fabindia. Here is the list of Top 10 competitors of Chumbak, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | An internet first brand company offering customized mattresses | $105M | 71/100 | ||
2nd | Internet first brand offering multi-category home products | $44.5M | 66/100 | ||
3rd | Internet first brand of ethnic wear, home furniture, and home decor products | $57.2M | 66/100 | ||
4th | Manufacturer of ergonomic products for pain relief and improved posture | $1.52M | 61/100 | ||
5th | Knoll 1938, East Greenville (United States), Acquired | Designer and manufacturer of modern furniture for homes and offices | - | 51/100 | |
6th | Pelican Essentials 2018, Bengaluru (India), Seed | Internet first brand offering furniture products | $508K | 49/100 | |
7th | Brand of home & office furniture and decor products | $1.2M | 48/100 | ||
8th | Furniture and decor brand and retailer | - | - | 48/100 | |
9th | Internet first brand of apparel for women | $36.1M | 43/100 | ||
10th | Moulded home furniture | - | - | 43/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Chumbak's competitors? Click here to see the top ones
Chumbak's Latest cap tables and shareholding
Founders own 14.12%, Funds (largest shareholder) own 79.34%, Angels own 3.73% and Other People own 0.59%. The net worth of Chumbak's founders is INR 93.5Cr as of Nov 18, 2020.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 14.12% | 93.5Cr | 6475534 | 2437441 | 2578043 | 2501590 |
6140651 | 8204538 | 8749179 | 2435740 | 6219445 | 8338782 | |
6441862 | 5320831 | 3157525 | 6041670 | 5614731 | 1999570 | |
Fund | 79.34% | 525Cr | 2461230 | 9422806 | 3769069 | 5089550 |
5800463 | 7670639 | 4262290 | 6690907 | 5693184 | 7573734 | |
5080326 | 9500987 | 2969822 | 8551892 | 3461858 | 4251328 | |
Angel | 3.73% | 24.7Cr | 156 | 574 | 764 | 114 |
Other People | 0.59% | 3.9Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 2.23% | 14.8Cr | 79 | 57 | 38 | 33 |
Total | 100.00% | 662Cr | 4318302 | 9570367 | 1001278 | 5610685 |
To unlock detailed Cap Table of Chumbak Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Chumbak's Shareholding
Chumbak's Investments and acquisitions
Chumbak has made no investments or acquisitions yet.
Reports related to Chumbak
Here is the latest report on Chumbak's sector:
News related to Chumbak
Filter this listMedia has covered Chumbak for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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PHOOL, Chumbak, And Nautica Launch New Collection On MyntraNDTV•Oct 02, 2024•Phool, Chumbak, Myntra, Nautica
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Chumbak Launches Luggage In Association With Assembly LuggageIMPACT NEWS•Jan 19, 2024•Chumbak, Assembly
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Retail India News: Chumbak Unveils Its Vibrant Marigold Collection Ahead of the Festive SeasonIndian Retailer•Oct 26, 2023•Chumbak
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Tiger Global-backed Goat Brand Labs Earns Rs 80l Revenue In First Year Of OperationsYourStory•May 22, 2023•Chumbak
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