Deal Alert: Design co Chumbak raises second round led by Matrix Partners

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

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