Peak XV Partners led a new financing round for Mokobara, raising $12 million (about INR 100 crore), valued at $80 million for the D2C baggage firm.
Established in 2019, Bengaluru-based Sangeet Agrawal and Navin Parwal’s firm provides a variety of travel bags, luggage, wallets, kits, and sling bags on its web platform. It also offers its merchandise on online retailers such as Amazon and Flipkart.
Within the last five months, Mokobara has raised an additional $3.6 million (INR 29 crore) from its current investors, which include Alteria Capital, Sauce Ventures, and Saama Capital.
The firm now operates many stores in Bengaluru, Delhi, Mumbai, and Pune. By April of this year, it hopes to launch 25 more locations.
With the help of Sauce VC and Saama Capital, it raised $6.5 million in its Series A fundraising round in 2022.
