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Peak XV Leads $12 Mn Funding In Luggage Brand Mokobara

Inc42 · 1y

Bengaluru-based luggage and travel accessories brand Mokobara has raised $12 million in a funding round led by Peak XV Partners, valuing the startup at $80 million. Founded in 2019, Mokobara offers a range of products online and through marketplaces such as Amazon and Flipkart. The fresh funds will be used to expand its retail footprint, with plans to open 25 more stores by April. The growing direct-to-consumer (D2C) market in India is projected to reach $100 billion by 2025 and account for 75% of the $400 billion ecommerce market opportunity by 2030.