Chumbak was started in 2010 in Bengaluru by Vivek Prabhakar and Shubhra Chadda to create fun Indian souvenirs with unique designs. They began with magnets and have expanded their product line to include stationery, bags, jewelry and home goods. Chumbak now has over 100 stores globally and sells through e-commerce sites in several countries. The company focuses on colorful, Indian-inspired products targeted at urban youth aged 18-35. Chumbak uses social media like Facebook extensively for marketing through ads, contests and engagement with their large online fan base. This strategy has helped lead to rapid revenue growth and expansion for the startup.