Chumbak posts loss of â¹19.9 crore for fiscal year 2017
Bengaluru-based lifestyle brand Chumbak has posted a net loss of â¹19.9 crore for the fiscal year 2017, according to filings. Net sales for the year rose 20.6% to â¹41 crore and total expenditure also saw a 13.7% rise to â¹57.4 crore. Founded in 2010, Chumbak sells designer t-shirts, tins, coffee mugs, shot glasses, mouse pads, bookmarks, posters, among others.