Chumbak raises â¹11 crore from BlackSoil, others
Bengaluru-based lifestyle brand Chumbak, which sells accessories and apparel, has raised about â¹11 crore via equity and debt funding between November 2016 and May 2017, as per regulatory filings. Of this, Chumbak raised â¹8 crore in debt from Mumbai-based non-banking financial company BlackSoil and rest from investor Narayan Ramachandran. In FY16, the company posted gross revenue of â¹34.94 crore.