Peak XV-backed D2C luggage and travel accessories brand, Mokobara, has scaled up more than fourfold over the last two fiscal years, with its operating revenue rising to Rs 230 crore in FY25 from Rs 53 crore in FY23.Mokobara’s revenue from operations surged by 97% to Rs 230 crore in FY25 from Rs 117 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC).

The company earns revenue mainly from the sale of luggage, backpacks, and travel accessories through its online and offline channels. The sale of these products was the sole source of revenue for the company in FY25. The firm posted Rs 10 crore in interest income, which took its total income to Rs 240 crore in FY25, compared to Rs 119 crore in FY24. The cost of procurement was the largest expense for the luggage-selling company.  This cost surged 91% to Rs 109 crore and accounted for 43% of the overall spend in FY25. Advertising expenses rose 88% to Rs 46 crore in FY25.

Mokobara has raised around $24 million in funding to date, with Sauce, Saama Capital, and Peak XV Partners as its lead investors. Mokobara competes with the likes of Nasher Miles, Zouk Bags, and Acefour Accessories.

About Mokobara

Mokobara is a rapidly growing Indian Direct-to-Consumer (D2C) premium travel gear brand that has been founded in 2019/2020 by Sangeet Agrawal and Navin Parwal. Based in Bengaluru, the company designs stylish, functional luggage, backpacks, and bags, aiming to fill the gap between affordable, low-quality options and expensive international brands.