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MOKOBARA FUNDING
L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 croreL'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, p...- IT cos slash US teams; D2C luggage brands hit turbulenceHappy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and more in today's ETtech Morning Di...
- Costly raw materials weigh heavy on D2C luggage companiesNew-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...
- Sauce VC logs final close of Rs 750-crore opportunities fundSauce VC has closed a Rs 700-750 crore fund to back high-growth consumer brands. The fund will support four to five startups from its early...
- Gully Labs raises Rs 30 crore Series A led by Saama Capital and Zeropearl VCIndian sneaker brand Gully Labs secured Rs 30 crore in Series A funding led by Saama Capital. The capital will fuel product expansion, enha...
- Home and lifestyle brand Haus & Kinder raises $3.3 million in round led by Sauce VCAngel investors, including Yogesh Kabra, founder of XYXX; Sangeet Agrawal and Navin Parwal, founders of Mokobara; and the Chona Family, fou...
- Direct-to-consumer brands keep deal street busy with new funding roundsVenture funds are sitting on ample dry powder and will accelerate deal-making in early-stage startups. Funds like Accel, 3One4 Capital, Pea...
- Rising trend of new-age consumer brands attracting VC investors in IndiaIndia's new-age consumer brands, catering to Gen Z and millennials, are attracting substantial venture capital. Brands like Mokobara, Sugar...
- Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 millionAccel invested $9 million in Uppercase, raising the luggage brand’s valuation to $60 million. The funds are aimed at expanding retail store...
- D2C haircare brand Moxie Beauty raises $2.1 million in funding led by Fireside VenturesMoxie Beauty, a haircare brand catering to Indian hair textures, has raised Rs 17.3 crore in funding from Fireside Ventures. The company wi...
- D2C luggage brand Nasher Miles raises $4 million in bridge roundThe money came from the Singularity Early Opportunities Fund, Narendra Rathi of the SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs ...
- Premium luggage maker Eume raises Rs 15 crore in funding round led by Ashish KacholiaEume plans to open its first flagship store this year, starting in Mumbai and tapping the aspirational population in tier II and III cities...
- Deepika Padukone's 82°E to raise Rs 50 crore from Ka Enterprises, othersDeepika Padukone's 82°E startup, cofounded by Jigar Shah, aims to raise Rs 50 crore with Ka Enterprises. The brand offers skincare products...
- New-age consumer brands trend on deal streetUppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sour...
- Sauce VC launches third fund eyeing a corpus of Rs 250 croreNew Delhi-based investment firm Sauce VC, which has backed new-age luggage brand Mokobara, healthy foods startup The Whole Truth and petcar...
- Offline stores are trending as new set of D2C firms emergeInvestors and startup founders are noticing a trend: D2C businesses across various sectors, like fashion, electronics, and food and beverag...
- ETtech Deals Digest: Startup funding drops 59% to 12 deals this weekAccording to data from Tracxn, February saw startups raise $516 million across 82 rounds, versus $551 million across 109 rounds in January.
- D2C luggage brand Mokobara raises $12 million in funding from Peak XV Partners, existing investorsMokobara's existing backers Sauce VC and Saama Capital have also participated in the Series B funding round. Peak XV invested around $9.4 m...
- New-age luggage brand Mokobara's operating revenue grows four-fold in FY23, losses widen 78%Mokobara’s total expenses of about Rs 61 crore in FY23 is nearly three times higher than the Rs 16 crore it spent in FY22. The purchase of ...
- Peak XV in talks to invest in new-age luggage brand MokobaraThis comes at a time when venture investors are increasingly looking to place fresh bets on new-age brands that are scaling offline presenc...
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