Bummer is a direct-to-consumer brand offering innerwear and comfort wear for men and women. The company was founded in 2019. It states its manufacturing uses 47% less water and leaves an 18% smaller carbon footprint. Bummer plans to use the proceeds from the latest round to expand and develop its categories. In the fiscal year ended March 2023, operating revenue tripled to Rs 7.83 crore while losses grew 2.8 times to Rs 2.94 crore. Media estimate places the company’s post-allocation valuation at about Rs 46.5 crore (approximately $5.6M).

Total raised

$1M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2024