Latest news with #EUME
Time of India
27-05-2025
- Business
- Time of India
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.
Entrepreneur
27-05-2025
- Business
- Entrepreneur
D2C Travel Brand EUME Raises INR 25 Cr in Series A
The round was led by renowned investor Ashish Kacholia, with participation from existing backers Pradeep Rathod of Cello Group and Prithviraj Kothari of Arvog Financial. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mumbai-based D2C luggage and travel accessories brand EUME has successfully raised INR 25 crore (approximately USD 3 million) in its Series A equity round. The round was led by renowned investor Ashish Kacholia, with participation from existing backers Pradeep Rathod of Cello Group and Prithviraj Kothari of Arvog Financial. This follows a previous INR 15 crore round led by Kacholia in June last year, signaling strong continued confidence in the brand's vision. The newly raised capital will be strategically deployed to scale EUME's retail presence across India, strengthen its core team, accelerate marketing, and enhance working capital. The goal is to cement EUME's position as a premium player in the travel accessories segment, targeting discerning consumers across both metro and Tier I markets. Founded by Naina Parekh and Pranay Parekh, EUME started as a design-led luggage brand and has built a loyal customer base through striking brand collaborations with marquee events such as the Tata Mumbai Marathon and SulaFest. The brand is now gearing up to open three flagship stores within the next 45 days — at Mall of Asia in Bengaluru, Oberoi Sky City in Mumbai, and Sarath City in Hyderabad — as part of its aggressive offline expansion strategy. "Our vision is to become India's premier luggage brand — and for that, strong marketing is non-negotiable," said Naina Parekh, Founder of EUME. "We aim to bring next-level product innovation rooted in convenience, paired with aspirational marketing that positions EUME as the go-to brand for every travel need." EUME's offerings span premium travel luggage, backpacks, and accessories, with plans to expand further across travel categories. The brand is growing rapidly across both B2C and B2B channels, including corporate gifting partnerships. Pranay Parekh, Co-founder, emphasised, "Offline retail is crucial for us now. Our pricing strategy and premium designs work brilliantly in both online and in-person experiences. We are also proud to be the official gifting partner for various corporates, reinforcing our presence in both retail and enterprise segments." Lead investor Ashish Kacholia summed it up: "EUME has consistently demonstrated bold vision and flawless execution. Their innovation, design language, and quality are unmatched. I believe EUME is a long-term winner in the travel category."
Fashion United
07-05-2025
- Business
- Fashion United
Tory Burch reallocates responsibility for key markets
The US fashion company Tory Burch LLC has reorganised its leadership team for international business. Thibault Villet now heads the team, having been promoted to president, international director for APAC, Japan and EUME. Villet joined Tory Burch at the end of 2020 as president of APAC, heading operations in the Asia-Pacific region. In 2023, his remit was expanded to include Japan. He has now also taken on responsibility for Europe and the Middle East. Under Villet's leadership, Paolo Zullo will be responsible for the retail, wholesale and e-commerce business in Europe and the Middle East as president of Europe and the Middle East, starting next July. New China boss Joshua Chen comes from Loewe Joshua Chen will take over Zullo's previous position as president of China on June 30. He was previously managing director for China at Loewe, which belongs to the French luxury goods group LVMH. Before that, he worked at Louis Vuitton China. The international leadership team also includes Edouard Roche, president of Japan, and Carol Chiu, senior vice president, general manager of Asia Retail. They all now report to Villet, who continues to report directly to chief executive officer (CEO) Pierre-Yves Roussel. 'Thibault is an exceptional leader, and I am delighted to expand his remit to include Europe and the Middle East as we continue to expand the brand globally,' said Roussel in a statement released on Wednesday. 'With his in-depth expertise in regional market dynamics, international business development and cross-cultural team management, Thibault is ideally suited to lead these important regions to continued success.' This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
