Exclusive: Mokobara set to raise Rs 91 Cr in Series C round at 2.8X valuation premium

•Mokobara, a Bengaluru-based D2C luggage brand, raises Rs 90.66 crore ($9.5 million) in Series C funding.

•Sauce VC leads the round with Rs 57.68 crore investment, followed by Niveshaay Sambhav Fund and Ayra Ventures.

•Mokobara's valuation surges to Rs 1,930 crore ($203 million), a 2.76X increase from Series B round.

•The company plans to use funds for growth, financial strengthening, and long-term resources.