EUME Bags INR 25 Cr In Series A Funding

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SUMMARY

EUME has raised the funding in its Series A round led by ace investor Ashish Kacholia

The Mumbai-based startup will deploy funds to boost its offline presence by opening retail stores in Mumbai, Hyderabad and Bengaluru

According to Tofler, the startup’s operating revenue grew 34.56% to INR 19.23 Cr in FY24 from INR 14.29 Cr in the year ago period. However, the startup’s net loss for the period under review sharply increased 154% YoY to INR 2.04 Cr

Mumbai-based luggage D2C brand EUME has raised INR 25 Cr ($2.92…



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EUME Bags INR 25 Cr In Series A Funding


SUMMARY

EUME has raised the funding in its Series A round led by ace investor Ashish Kacholia

The Mumbai-based startup will deploy funds to boost its offline presence by opening retail stores in Mumbai, Hyderabad and Bengaluru

According to Tofler, the startup’s operating revenue grew 34.56% to INR 19.23 Cr in FY24 from INR 14.29 Cr in the year ago period. However, the startup’s net loss for the period under review sharply increased 154% YoY to INR 2.04 Cr

Mumbai-based luggage D2C brand EUME has raised INR 25 Cr ($2.92…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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