![[Funding alert] Luggage Brand Mokobara Secures $12 Mn Funding from Peak XV Partners, Others](https://viestories.com/wp-content/uploads/2024/02/Luggage-Brand-Mokobara-Secures-12-Mn-Funding-from-Peak-XV-Partners-Others.webp "Luggage-Brand-Mokobara-Secures-12-Mn-Funding-from-Peak-XV-Partners-Others")
Peak XV Partners led the $12 million (Rs 100 crore) financing round for Mokobara, the direct-to-consumer luggage company.
In addition, Mokobara’s current investors Saama Capital and Sauce VC took part in the Series B investment round, as reported by The Economic Times.
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The omnichannel retailing brand has several locations in Delhi, Mumbai, Pune, and Bengaluru. It announced in November 2023 that it would establish 25 outlets by April of this year.
In 2022 the luggage brand has raised $6.5 million in its Series A funding round from Saama Capital, Sauce VC, and Deepika Padukone.
Their goal is to make traveling easy and appear good for people who are heading somewhere special. They contend that the moment you decide on a destination, not the actual arrival time, is when a vacation truly begins.
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About Mokobara
The Bangalore-based Mokobara was founded by Sangeet Agarwal and Navin Parwal with a mission to elevate the joy of travel through luggage and travel accessories.
