EUME

EUME

Luggage, bags, and accessories retailer

Founded

2018

Headquarters

Mumbai (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91 - 9321366003

EUME is an innovative Indian travel and lifestyle accessories brand. EUME operates at the intersection of travel, fashion and technology, with a mission to pioneer multipurpose travel accessories that balance comfort, style and functionality for commuters, jetsetters and families. The brand is recognized for its bold, design-first approach, launching products that blend aesthetics with advanced features—most notably, the world’s first patented massager backpack, which set EUME apart as a category innovator.

Products & Services 

  • Premium Luggage: Durable trolley bags and aluminum cabin suitcases designed for frequent travelers.

  • Massager Backpacks: Patented backpacks with built-in massagers for comfort during commutes and travel.

  • Travel Backpacks & Laptop Bags: Ergonomic, stylish bags for daily use, travel and work, with padded compartments and multiple organizers.

  • Vegan Handbags & Accessories: Eco-friendly handbags, tech organizers and multipurpose pouches made from vegan leather.

  • Travel Accessories: Toiletry kits, packing cubes, storage pods, RFID wallets, passport holders, umbrellas and tech cases for organized, secure, and comfortable journeys.

  • Unisex & Gender-Specific Solutions: Products tailored for men and women, including crossbody bags, jewelry organizers and sleek wallets.

  • Corporate Gifting & B2B Solutions: Bulk orders and branded products for businesses and events.

  • Flagship Stores & D2C Sales: Available online via EUME’s website and leading marketplaces, as well as through exclusive flagship retail stores in major cities.

Business Model & Revenue Streams

  • Direct-to-Consumer (D2C) Sales: Core revenue from online sales via EUME’s website and leading e-commerce marketplaces (Amazon, Flipkart, Myntra), targeting urban, aspirational consumers seeking premium, innovative travel products.

  • Offline Retail Expansion: Growing revenue from exclusive EUME flagship stores in metro cities and select retail touchpoints, enhancing brand experience and accessibility.

  • B2B Partnerships & Corporate Gifting: Revenue from bulk orders and collaborations with companies for branded gifting and employee rewards, expanding EUME’s reach in the enterprise segment.

  • Product Diversification: Balanced sales across luggage, backpacks, vegan handbags, laptop bags, and accessories, with continuous portfolio expansion to tap into new customer segments and premium categories.

  • Innovative Premium Offerings: Higher margins from tech-enabled and design-led products (e.g., massager backpacks, 100% aluminum luggage), appealing to the growing demand for affordable luxury.

Customer Segmentation

  • B2C: Urban travelers, commuters, students and families seeking stylish, functional and innovative travel gear.

  • B2B: Corporates and institutions for gifting, employee rewards and branded merchandise.

Growth Strategy

  • Retail Network Expansion: Opening flagship stores in key metros and targeting Tier 1/2 cities to capture aspirational demand.

  • Product Innovation: Doubling product portfolio, introducing new tech-driven and premium offerings to stay ahead of market trends.

  • Brand Building: Investing in marketing, influencer collaborations and experiential retail to strengthen brand appeal.

  • International Ambitions: Plans to enter global markets as part of long-term growth, leveraging India’s growing reputation in design and manufacturing.

Key People

Naina Parekh

Pranay Parekh

Sanjay C Parekh

Key Metrics

Total Equity Funding

$5.23 Million

No. of Funding Rounds

3

Latest Funding Round

$2.9 Million, Series A

as of May 27, 2025

Post Money Valuation

$7.12 Million

as of July 2, 2024

Funding Multiple

1.36

as of July 2, 2024

Investors

Mumbai Angels

and 4 more

Employee Count

26

Similar Companies

MakeMyTrip

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 27, 2025Series A$2.9 Million----
March 27, 2024Series A$1.8 Million$6.0 Million$2.4 Million1.8xLead Angels, Himalaya Finance and Investment, Cello Capital Management, Viransh Builder, Stellar Opportunities
December 16, 2022Seed $496.0 K$4.4 Million$1.4 Million2.7xMumbai Angels, JITO Incubation & Innovation Foundation, Lead Angels, Msh Venture, Arvog, Motilal Oswal Private Wealth, VM Group, Cello Capital Management, Modak Vyapaar, GM Modular, Lepton Software, Aska Equipments, dJAX Technologies, Stellar Opportunities, RDB, RR Global

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