VC Fund Investments
D2C luggage brand Mokobara raises $6.5 M from Saama Capital, Sauce VC, others
Bengaluru-based direct-to-consumer (D2C) luggage brand Mokobara has raised USD 6.5 million in a Series A funding round led by Saama Capital, with participation from Sauce VC. Others who participated in the round include Alteria Capital, Panthera Peak Ventures, and Good Capital. Mokobara has also roped in angel investors including Varun Alagh, co-founder Mamaearth; Ashish Goel, co-founder, Urban Ladder; founders of Licious, Ramakant Sharma, co-founder LivSpace; Raul Rai (Nicobar, Good Earth) and Chona Family Office. The company plans to use the new capital to boost its research and design, for team building, category expansion, and for launching experience centres.
From the Venture Intelligence PE-VC Deal Database: In Feb-20, Mokobara had raised over USD 300 K from Sauce VC and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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