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Friday, November 15, 2024

Mokobara expands footprint: Opens first store in Tamil Nadu, marks milestone of 10 stores across 5 cities in just one year

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Mokobara, a renowned travel and lifestyle brand, has launched its first store in Tamil Nadu, as announced by a company representative on social media.

“Incredibly excited to announce that Mokobara has achieved a significant milestone with 10 operational stores across more than 5 cities within just one year,” stated Ayushi Yadav, Mokobara’s head of business development, in a LinkedIn post.

In May 2023, the company made its foray into brick-and-mortar retail by inaugurating its first retail store in Bengaluru at Phoenix Marketcity, Whitefield.

Continue Exploring: D2C luggage brand Mokobara secures $12 million in funding from Peak XV Partners, existing investors

The D2C brand offers products such as travel bags, briefcases, totes, slings, wallets, and accessories.

In December 2023, the retailer unveiled its ninth store in Hyderabad at Sarath City Capital Mall. Concurrently, the brand entered North India with the inauguration of its first store in Gurugram within the same month.

Continue Exploring: Mokobara expands to North India with first store in Gurugram

Established in early 2020 by Sangeet Agarwal and Navin Parwal, Mokobara began as an online luggage brand catering directly to consumers. Alongside its brick-and-mortar presence in cities such as Bengaluru, Mumbai, and Pune, the brand also reaches customers through its own e-commerce platform and several online marketplaces like Flipkart, Myntra, Amazon, and Nykaa.

At present, Mokobara is intensifying its omnichannel expansion efforts with plans to open more than 20 retail stores during the fiscal year 2024.

Continue Exploring: Mokobara’s operating revenue soars fourfold to INR 53 Crore in FY23, despite a 78% increase in losses

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