Journey and lifestyle brand Mokobara has raised Rs 170 crore, or about $18 million, in a Sequence C funding spherical led by present investor Sauce.VC. Peak XV Companions, AYRA Ventures and Niveshaay Funding additionally participated within the spherical.

Kathpalia mentioned Sauce.vc invested Rs 109 crore within the startup as a part of the most recent spherical.

“As we speak, Sauce has tripled down, main Mokobara’s Rs 170 crore Sequence C with a Rs 109 crore infusion,” Kathpalia mentioned in a social media publish.

Mokobara’s board authorised the issuance of 1,300 Sequence C compulsorily convertible choice shares at about Rs 6.2 lakh every, amounting to Rs 80 crore, in line with RoC filings.

The board additionally allotted 199 shares at about Rs 5.4 lakh every, representing one other Rs 10.7 crore. The 2 allotments collectively account for about Rs 90.7 crore of latest share issuance, beneath the Rs 170 crore total transaction introduced by Sauce.vc.

The distinction is partly defined by secondary transactions, wherein present shares change fingers fairly than new shares being issued by the startup.

Manu Chandra, founder and managing companion at Sauce.vc, mentioned in a social media publish that “part of this transaction was facilitating secondaries for ESOPs and staff”.

From on-line baggage model to bodily retail

Based in 2019 by Sangeet Agrawal and Navin Parwal, Bengaluru-based Mokobara sells baggage, backpacks, duffels, totes, slings, wallets and different journey equipment.

The model sells its merchandise via its personal web site and on-line marketplaces, together with Amazon and Flipkart, whereas the corporate has additionally expanded its bodily retail community.

Mokobara’s official retailer locator at the moment lists 52 shops throughout India, with shops in cities together with Bengaluru, Delhi, Mumbai, Pune, Hyderabad, Chennai, Ahmedabad, Jaipur, Indore and Lucknow.

It additionally expanded exterior India in February 2025, opening its first worldwide retailer at BurJuman Mall in Dubai.

Earlier than the most recent spherical, Mokobara raised $12 million in February 2024 in a funding spherical led by Peak XV Companions. That investment valued the startup at about $80 million.

Mokobara’s working income rose to about Rs 230.2 crore within the monetary 12 months ended March 2025, from Rs 117.4 crore a 12 months earlier, representing development of about 96%.

Its losses, nonetheless, widened to about Rs 10.2 crore in FY25 from Rs 4.2 crore in FY24.