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D2C luggage brand Mokobara raises $12 million in funding from Peak XV Partners, existing investors

Feb 26, 2024•over 1 year ago

Amount Raised

$12 Million

Round Type

series b

BengaluruRetail

Investors

Saama CapitalSauce VcPeak Xv Partners

Description

D2C luggage brand Mokobara has raised $12 million in its latest Series B funding round led by Peak XV Partners (formerly Sequoia Capital India), with participation from existing investors Sauce VC and Saama Capital. The funding round valued Mokobara at $80 million post-money.

Company Information

Company

Mokobara

Location

Bengaluru, Karnataka, India

About

Mokobara is a direct-to-consumer luggage and travel accessories brand based in Bengaluru, India. Founded in 2020 by former Urban Ladder executives Sangeet Agrawal and Navin Parwal, the company aims to provide mid-premium segment products and operates multiple stores in Bengaluru, Delhi, Mumbai, and Pune.

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Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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