India, May 27 -- Mumbai-based luggage D2C brand EUME has raised INR 25 Cr ($2.92 Mn) in a Series A funding round led by ace investor Ashish Kacholia, with participation from other existing investors.

With the fresh infusion, the startup plans to expand its offline presence by targeting major metro cities.

EUME said in a statement that it plans to open new stores in Bengaluru's Mall of Asia, the Oberoi Sky City mall in Mumbai and the Sarath City mall in Hyderabad over the next 45 days.

Besides, the startup is also looking to double down on boosting its product portfolio with a focus on "premiumisation."

Founded in 2018 by Naina Parekh and Pranay Parekh, EUME sells luggage bags for travellers and commuters. The startup's product portfol...