Mokobara
About Mokobara
Mokobara is a Consumer Products startup based in Bengaluru, India that has raised $32M in venture capital across 2 funding rounds since 2019. The company reached Series C stage in February 2024 with a $12M round led by Peak XV Partners at a $80M valuation. Mokobara's investor base includes 6 institutional funds, with Sauce.vc leading the most recent equity round.
Mokobara is a Bengaluru-based direct-to-consumer travel and lifestyle brand founded in 2019 by Sangeet Agrawal and Navin Parwal, both former executives at Urban Ladder. The company designs and sells premium luggage, travel bags, wallets, and accessories targeted at India's growing aspirational traveler segment — competing with legacy players like VIP Industries and American Tourister through a combination of design-first positioning, omnichannel distribution, and direct community engagement. Mokobara operates approximately 50 physical stores across Bengaluru, Delhi, Mumbai, and Pune, has expanded internationally with its first UAE location as of early 2025, and distributes through its own website as well as Amazon and Flipkart. The brand's operating revenue nearly doubled year-on-year to ₹230.2 crore (~$27M) in FY25, driven by rapid retail expansion and strong repeat purchase rates. Mokobara raised a $12 million Series B in 2024 led by Peak XV Partners (formerly Sequoia Capital India), followed by a ₹170 crore (~$20M) Series C in 2026 led by Sauce.vc with participation from Peak XV Partners, Saama Capital, Aditya Birla Ventures, AYRA Ventures, and Niveshaay. The Series C valued the company at approximately ₹1,930 crore ($200M+), a 2.76x premium over its Series B valuation.
Mokobara Funding Rounds Timeline
2 rounds · $32M raised · since 2019
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series B | February 2024 | $12M | $80M | Peak XV Partners | Saama Capital |
| Series C | September 2026 | $20M | $200M | Sauce.vc | Peak XV Partners, Saama Capital, Aditya Birla Ventures, AYRA Ventures, Niveshaay |
Investors in Mokobara
6 institutional investors across 2 rounds
Lead investors
Co-investors
Recent news about Mokobara
- FundingMokobara Raises $9.5M in Series C FundingSeptember 2026
Questions about Mokobara
How much has Mokobara raised?
Mokobara has raised $32M across 2 funding rounds since 2019.
Who are the investors of Mokobara?
Mokobara's investors include Sauce.vc, Peak XV Partners, Saama Capital, Aditya Birla Ventures, AYRA Ventures, Niveshaay.
When was Mokobara's last funding round?
Mokobara's most recent round was a $12M Series B in February 2024, led by Peak XV Partners.
What is Mokobara's valuation?
Mokobara reached a $200M valuation with its Series B round in February 2024.
Where is Mokobara headquartered?
Mokobara is headquartered in Bengaluru, India, and was founded in 2019 by Sangeet Agrawal, Navin Parwal.