Gaja Capital leads Rs 85-cr investment in Chumbak Design

Till date, the company is believed to have raised about Rs 124 crore.

NEW DELHI: Mid-market private equity firm Gaja Capital has led a ?85-crore investment round in lifestyle venture Chumbak Design. This is the Mumbai-based investor’s sixth transaction from its new fund.

The latest round has also seen participation from Chumbak’s existing list of risk capital investors, which includes, venture capital firms Matrix Partners India and Seedfund. Additionally, Narayan Ramachandran, operating partner at Gaja Capital, has also invested in his personal capacity.

According to sources briefed on the matter, Gaja Capital has invested about Rs 52 crore in the seven year-old company, while Matrix Partners and Seedfund have put in Rs 22 crore and about Rs 6 crore respectively. Till date, the company is believed to have raised about Rs 124 crore.

Source:- Economic Times (India Times)

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s