Travel luggage startup EUME raises Rs 25 cr in Series A led by Ashish Kacholia
New Delhi:
Premium travel luggage
brand
EUME
has raised Rs 25 crore in a
Series A funding
round led by investor
Ashish Kacholia
, with continued backing from early investors including Pradeep Rathod (Cello Group) and Prithviraj Kothari (Arvog Financial), according to a media release on Tuesday.
The funds will be used to expand retail presence, strengthen the team, boost marketing, and enhance working capital.
The company plans to open flagship stores in Bengaluru (Mall of Asia), Mumbai (Oberoi Sky City), and Hyderabad (Sarath City) over the next 45 days, stepping up its offline expansion strategy. EUME is also preparing to double its product portfolio, focusing on the fast-growing premium travel segment.
'Our vision is to become India's premier luggage brand,' said
Naina Parekh
, founder of EUME. 'We aim to bring next-level innovation rooted in convenience, paired with striking, aspirational marketing.'
'While we've seen robust growth online, our crafted price points are resonating offline as well,' added Pranay Parekh, Co-founder. 'We're scaling our retail footprint and growing in both B2C and B2B segments.'
Founded with a design-first approach, EUME is now gearing up for new launches and category-defining collaborations in the coming quarters.
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