Mokobara Raises ₹170Cr

Mokobara, a direct-to-consumer (D2C) luggage brand, has raised ₹170 Cr in a Series C funding round led by Sauce.vc. The funding round also saw participation from Peak XV Partners, AYRA Ventures, and Niveshaay Investment, among others.

The Series C funding round was led by Sauce.vc, which infused ₹109 Cr into Mokobara. The investment is expected to be used to further expand the company's operations and product offerings.

Mokobara's board approved a proposal to issue 1,300 Series C compulsorily convertible preference shares (CCPS) to investors at ₹6.2 Lakh each, aggregating to ₹80 Cr. Additionally, the board allotted 199 shares at ₹5.4 Lakh apiece to investors, translating into an amount of ₹10.7 Cr.

Mokobara was founded in 2019 by Sangeet Agrawal and Navin Parwal. The company operates about 50 stores in major cities such as Bengaluru, Delhi, Mumbai, and Pune. Mokobara also has an international presence, having entered the UAE in February 2025 with its first store at BurJuman Mall in Dubai.

## Why it matters The funding raised by Mokobara is significant, as it will enable the company to expand its operations and product offerings. The investment also reflects the growing demand for D2C brands in the luggage and travel accessories market. With its strong online presence and physical stores, Mokobara is well-positioned to capitalize on this trend and further establish itself as a leading player in the market.

## What happens next With the fresh funding, Mokobara is likely to focus on expanding its product line and strengthening its online and offline presence. The company may also explore new markets, both domestically and internationally, to drive growth and increase its customer base. As the D2C market continues to evolve, Mokobara's ability to adapt and innovate will be crucial in maintaining its competitive edge.