Debt financing
Clothing & accessories seller Chumbak raises Rs 3-Cr through Klub
Bengaluru-based gifting firm, Chumbak, has raised INR 3 crore through revenue-based financing platform Klub. Founded by Subhra Chadda, Chumbak sells clothes, furninshings, decor, kitchen and dining, and bags. The funds will be used to expand its brand presence by placing orders for new merchandise and drive discovery of its online platforms.
From the Venture Intelligence PE-VC Deal Database: Between Sep 12 and Nov 20, Chumbak had raised over USD 30 M from Seedfund, Gaja Capital, Matrix Partners India and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
