(L-R) Sangeet Agrawal and Navin Parwal, founders Mokobara Internet first direct-to-consumer luggage brand Mokobara has raised $12 million (Rs 100 crore) in its latest round of funding led by Peak XV Partners (formerly Sequoia Capital India), at a valuation of $80 million post-money. ET was the first to report in September 2023 about a potential…
India’s travel renaissance is driving a luggage revolution, with sales doubling, attracting global brands and sparking investor interest in a category previously perceived as ‘low-involvement’, industry executives said. “We are seeing 100% year-on-year growth in the premium range with global brands like Tommy Hilfiger and Delsey Paris. The affordable range is seeing 40%+ year-on-year growth…
Minu Margeret, founder and CEO, Blissclub BlissClub, a direct-to-consumer (D2C) activewear brand focussed on women saw its operating revenue surge more than four-fold to reach Rs 68 crore in for the financial year ending March 31,2023, even as losses mounted. The Bengaluru-based startup registered losses of Rs 36 crore, up four times compared to the…
Anant Tanted, founder & CEO, The Indian Garage Co. TMRW, an ecommerce rollup venture owned by the Aditya Birla Group, has invested Rs 155 crore in menswear brand The Indian Garage Co (TIGC), it said in a statement on Wednesday. The Indian Garage Co, founded in 2012, chalked up Rs 300 crore in revenue in…
