Peak XV To Invest Over $65 Mn In D2C Startup Mokobara


Peak XV in talks to invest in new-age luggage brand Mokobara. Peak XV Partners is eyeing internet-first direct-to-consumer (D2C) luggage brand Mokobara for an investment that could value the startup at USD 65 to USD 80 million, according to media reports

Another consumer brand-focussed investment fund may also join the round, expected to be USD 12-15 million in size.

The luggage brand was founded by former Urban Ladder executives Sangeet Agrawal and Naveen Parwal in 2020. It started opening offline stores this year.

Mokobara has investors such as 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 startup counts actor Deepika Padukone as an investor.

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