Bangalore-based Chumbak Designs has received a second round of funding from venture capital firm Matrix Partners and existing investor Seedfund. The funding will be used by Chumbak to ramp up distribution and expand its offline presence besides building an internal team for the e-commerce business.
Seedfund had invested $2 million in a first round of funding for the company
Source: Economic Times
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India’s First & Most Exhaustive Transactions Newsletter.
