Chumbak to Open more than 50 New Stores

In a bid to expand its offline network, Gurgaon-based home and lifestyle brand- Chumbak is planning to launch 50 new stores in different cities across the length and breadth of the nation. Currently, the company aims to open its stores in tier 2 cities and states like  Tamil Nadu, and Northeastern states. Explaining about company’s expansion ambitions, Chief Executive Officer, Vasant Nangia said: “As things are now getting back to normal, we will also resume our expansion, maybe, in the next quarter or by this financial year, probably by re-expanding our retail stores. We need to go to at least 100 plus stores in the next 2-3 years.” Nangia further said that with the expansion, the company eventually will also hire more employees. He said: “As we open more stores, we will be needing more people as store managers, merchandising staff, product staff and many more. And we will also be filing the small gap that we are left with in the digital side as well.” The company currently has 70 stores in the country and also offers its products on digital platforms. Mr. Nangia also told that for further growth of the company, it will be raising another round of funding.