Several new-age luggage makers currently seeking to raise funds may need to rework their cost structures to factor in increasing raw material prices stemming from the West Asia conflict, said merchant bankers and investors.
Mokobara, Nasher Miles and Uppercase are among the startups looking to raise fresh capital for growth even as cash burn in the space remains elevated, driven largely by aggressive customer acquisition spending.
Three key inputs for luggage makers – polypropylene, polycarbonate and polyamide – together comprising 40-45% of total…
