D2C luggage brand Mokobara raises $12 million in funding from Peak XV Partners, existing investors

Internet-first direct-to-consumer luggage brand Mokobara has raised $12 million (Rs 100 crore) in a funding round led by Peak XV Partners (formerly Sequoia Capital India), at a valuation of $80 million post-money.

Mokobara’s existing backers Sauce VC and Saama Capital have also participated in the Series B funding round, according to regulatory filings made by the Bengaluru-based startup with the Registrar of Companies (RoC).