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Bengaluru's D2C luggage brand Mokobara raises $12M in a Series B funding round

IndianStartupNews

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Bengaluru-based luggage brand, Mokobara, has secured $12 million in a Series B funding round led by Peak XV Partners, with participation from existing investors Sauce VC and Saama Capital. The startup plans to use the funding to expand its business operations in key markets such as Bengaluru, Delhi, and Mumbai, as well as increase its offline presence through new store openings. Mokobara offers a range of luggage and travel accessories, and has seen significant growth in operating revenue, though its losses have also increased. The funding round reflects growing investor interest in consumer brands, particularly those in the travel sector.

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