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February 17, 2013

Deal Alert: Seedfund backs gifting venture

Seedfund has acquired a significant minority stake in Bangalore-based online-offline commerce venture Chumbak. The investment was made around six months ago. 

Chumbak is focused on the souvenir and gift market, with unique designs and merchandise. It retails quirky designer t-shirts, boxer shorts, iphone cases, coin pouches, bags, keychains, etc. It retails in 16 cities in India and also in Japan, in partnership with Amina’s Cayhane stores.

Source: Medianama

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