βWhat is ''Mokobara' ?
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Mokobara is a luggage brand that aims to make travel more enjoyable and easier. The brand's name comes from the Maori word "moko", which means face tattoo and represents personality and attitude, and the Swedish word "bara" which means to carry. Hence this brand is ideal to target GenZ and millennials with its quirky design and functionalities.
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Let's spend 1 min in the elevator
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Over the past few decades our travel has changed and things we carry on our travels have evolved. Some are personal, some are critical- laptops/ documents/ chargers/ camera. And all of this stuffed with our clothes, that we hope reach the destination as unruffled & wrinkle-free as possible, so we can hit the ground running.
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Gen Z is seeking more than just functionality. They crave products that are eco-friendly, tech-savvy, and stylish. Mokobara's luggage meets these expectations with durable materials, smart features like integrated USB ports for on-the-go charging, and compartments designed for modern essentials. They understands these demands and addresses them with stylish external designs and innovative interiors. By blending international ideas with local needs, Mokobara creates luggage that resonates with the restlessness, ambition, and drive of Gen Z and positions itself as a reliable companion designed to support and facilitate the journey embodying the idea the psyche of #GoingPlaces. Travel smarter, travel better with Mokobara!!
Mokobara is not a luggage company. It's a travel, fashion and lifestyle brand.
Mokobara's products and features
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The prices range from Rs. 5,000 to Rs. 15,000 with average selling price close to Rs 8,000/-
Mokobara products are made with premium materials and feature a number of design elements:
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Additional features:β
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Mokobara capitalizing on the changing trends
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There were certain trends on-going during the pandemic which the Mokobara's team sensed and capitalized on:
For user research, I created a google form which captured results from 30+ individuals. Further, to understand more about the users and (how + why) they ended up with Mokobara products multiple interviews were conducted.
Link of the survey conducted - https://forms.gle/vEzZg8zEdsCCNpXp7
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β | ICP 1 | ICP 2 | ICP 3 | ICP 4 | ICP 5 |
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Ideal customer profile name | Ayushi | Pranav | Deepthi | Sreerag | Swetha |
Age | 22-35 | 25-35 | 27-50 | 25-35 | 22-35 |
Gender | Female | Male | Female | Male | Female |
Income levels | 80k + | 3 lakh + | 2-3 lakh + | 1 lakh + | 80k + |
Marital Status | Unmarried | Unmarried | Married | Unmarried | Unmarried/Married |
Location | Tier 1 | Tier 1 | Tier 1 | Tier 1 | Tier 1 |
Product(s) they have used ? | Everyday Backpacks | Suitcases, Travel Backpacks | Suticases, Travel Backpacks , Travel Accessories, Cabin | Travel Backpacks, Cabin luggage | Handbags, Tote bags |
Companies | Meesho, CRED, ZS, BCG, Mckinsey, Hotstar, Deloitte | Businessman, Startup CEOs, VPs | Agencies, Ogilvy, Dentsu, Schbang, | Tekion, Infosys, TCS, Oracle, SAP | Nykaa, Myntra, Fable Street, Nike |
Product is a need or a want ? | Want | Need | Want, need | Want | Want |
How did they hear about the brand ? | Instagram, Paid ads, Amazon | Colleagues, Same Industry, Instagram, Amazon | Instagram, FB, Amazon | Instagram, D2C website | Instagram, Myntra, Ajio |
Purpose of buying the product(s) ? | Short travel, Gifting to friends/ family, Office commute | Status symbol | Travel (short & long), Buying for Kids | Safety of laptop, High functionality | Office commute |
Where do they spend time? | Social media, LinkedIn, Twitter, Shopping, OTT | Networking, LinkedIN, Social media | Social media, Education Platforms, ET | Social media, Follows bloggers, Tech youtubers | Social media, Shopping, OTT |
Who do they follow ? (Travel Industry) | The rebel kid, Bruised Passports | Startup community, Investor Relations | Ajay sood, | Akash Malhotra, Geeky Ranjit, Anunay Sood | Shenaz, |
Influencers ? Why Mokobara ? | Minimalistic Design, Brand Appeal, Gifting | Expensive Product, Premium Brand | Design, Shape, Quality, Gifting | Functionality, Minimalistic Design, | Minimalistic, Shape, Colors |
Have people shown interest in the product/brand ? | Yes | NA | Yes | Yes | Yes |
Where do they search/shop for travel products ? | Amazon, D2C | Amazon, Retail Outlets | Amazon, Flipkart | Amazon, Myntra | |
Pain points ? (Pre and Post buying blockers) | Price is high | Need more limited edition products | - | Price is high, Bags are heavy, Need longer warranty | Quality can be improved |
Current solution | Waiting for discounts / Sale | Buys Samsonite / more premium brands | Retail stores, Carlton, | Wildcraft bags | High design, Tommy, ZARA |
Summary of the user responses and interviews:
Users are experiencing brand fatigue and are now leaning towards unique and minimalistic designs. There is a rising demand for aspirational products as people become more aware, thanks to widespread internet adoption and exposure on social media. With higher disposable incomes, consumers are increasingly willing to invest in products that reflect their individuality and offer a sense of exclusivity and quality.
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ICP Prioritization matrix:β
ICPs | Adoption Curve | Frequency | Appetite to Pay | TAM | Distribution Potential |
ICP 1 | High | High | High | High | High |
ICP 2 | High | Moderate | High | Low | Low |
ICP 3 | High | High | High | Moderate | Moderate |
ICP 4 | Moderate | Low | Moderate | Low | High |
ICP 5 | High | High | High | Moderate | High |
Basis the ICP prioritization matrix, I have identified 3 key ICPs highlighted in blue - broken down the ICPs in terms of specific product offerings to better tailor my approach:
Below are the customer segments that we should target:
Age: 22-35
Average annual income > 15,000 $
Category: India 1 - Mexico, Poland, Singapore
Location: Tier 1 cities
Time Spent On: Instagram/FB, Google, Amazon, OTT
Looking for: Minimalistic designs, Brand appeal and Quality
Age: 27-50
Average annual income > 30,000 $
Category: India 1 - Poland, Singapore
Location: Tier 1 cities
Time Spent On: Social Media, Education platforms, Grocery shopping, Marketplaces, News
Looking for: Quality, Warranty, Design
Mokobara has disrupted the travel space, competing with brands like VIP, American Tourister, Samsonite, and Safari. Mokobara distinguishes itself with its minimalistic design, premium quality, and distinctive yellow lining. Positioned in the premium price segment, Mokobara faces limited competition from new direct-to-consumer brands.
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Samsonite, known for its higher price points in both laptop bags and suitcases, presents an opportunity for Mokobara to disrupt this market segment. By launching luxury bags at a comparable price point to Samsonite, Mokobara can further establish itself as a formidable competitor in the premium luggage category.
Market Size: Mokobara is aiming for a slice of the mid and premium segments, which make up about 30% of a Rs.20,000 crore industry, which is projected to grow at 10-12% CAGR.
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Competitor Analysis:
Brands | Launch year | ASP | Pages/Visits | Semrush Ranking | Amazon Rating |
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Mokobara | 2019 | Rs 8000/- | 3.3 | 41 | 4.5 |
Uppercase | 2018 | Rs 3500/- | - | - | 4.4 |
Assembly | 2017 | Rs 5000/- | 3.1 | 4.0 | |
Nasher Miles | 2017 | Rs 5000/- | 3.8 | 35 | 3.8 |
Samsonite | - | Rs 13000/- | 2.1 | 37 | 4.6 |
Carlton | - | Rs10,000/- | - | - | 4.6 |
As we can see below, sales growth of premium brands have been outperforming mass brands. Taking our example, Mokobara should try to eat up market share of brands such as Safari, American Tourister etc.
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Few brands operating in this travel & tourism sector:
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Challenges
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Mokobara, which represents itself as a travel brand and not a luggage brand, is aiming for a slice of the mid and premium segments.
To calculate total TAM, we'll individually calculate TAM for our two product offerings:
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ICP 1: Travel Lifestyle products - Everyday Backpacks, Handbags, Travel accessories
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Total population of India = 140 crore
Potential Market size = 140 * 0.6 * 0.35 * 13 / 75 (assuming average age to be 75)
= 5 crore
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ICP 2: Suitcases | Luggage
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Total population of India = 140 crore
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Potential Market size = 140 * 1/4.5 * 23 / 75 (assuming average age to be 75)
= 9.5 crore
TAM = 14.5 croreβ
SAM - Acquirable percentage of TAM
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From the TAM we are further drilling down Tier 1:
Family income > 8 LPA - India 1A, 1B | 33% |
% of population with Internet | 90% |
% of population shopping online | 65% |
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Further dividing it into India 1A, 1B & 1C:
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India can be divided in 3 segments: India 1, India 2, India 3 and affluent people live in India 1A and 1B
Market Size Remaining = 14 crore * 0.33 * 0.9 * 0.65
= 2.5 crore
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SAM = 2.5 crore
SOM - Obtainable percentage of SAM
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The SAM includes the chances of people buying products from other brands and websites. Mokobara has opened more than 10 retail outlets, and planning to increase it to 30 outlets in next 2 years, with brand presence on e-commerce websites (Amazon, Ajio) and q-commerce (Blinkit). We can assume our cohort of people buying from Mokobara to be 30% of SAM.
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SOM = 2.5 crore * 0.3
= 0.75
Now, average selling price of Mokobara products is Rs 8,000 - Rs 9,000
Potential market size = 0.75 crore * Rs 8.5k
= Rs 6500 crores
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SOM = Rs 6500 croresβ
Product Market Fit Achieved β
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Mokobara has successfully moved beyond the initial stages of product validation and now should focus on scaling the brand. Mokobara has found an amazing fit in the Indian industry, intelligently marketing their product and solving issues mentioned below:
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Marketing Campaigns Launched:
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Channel Distribution Framework
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Ad Channel | Cost | Flexibility | Effort | Speed | Scale |
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Search | Low | Low | Slow | High | |
Social Media | High | Medium | High | Medium | High |
Paid Ads | High | High | Low | High | High |
Content Loops | Low | Low | Medium | Medium | Low |
Referrals | Medium | High | Low | Medium | High |
Product Integration | High | Low | Medium | Slow | Medium |
Coupons & Cashback Integration | Medium | High | High | Medium | High |
Insights from ICPs
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To find the best possible acquisition channel we will drill down the usage pattern for our ICPs and how they discovered about 'Mokobara'
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A quick search on SimilarWeb, shared interesting insights on Organic and Paid search for Mokobara.
-Majority of the current users are being acquired through paid search, Direct marketing and organic search.
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-Organic Search of Mokobara is 18% which is low compared to other competitors. Assembly travel was launched after Mokobara but still lead it in organic search results.
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-Engagement data on SimilarWeb shows Mokobara has the lowest bounce (significantly low) rate compared with competitor
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Paid Ads
βLet's calculate CAC : LTV ratioβ
CAC | Rs 1000 (assuming it to be on a higher side, as they are partnering with celebs) |
AOV | Rs 8,000 |
Margin | 20% |
Frequency | 1.5 (per 5 years) |
Retention | 5 years |
LTV | AOV * Frequency * Margin * Retention = 2400 |
LTV:CAC | 2.4 |
The LTV:CAC ratio is 2.4. This is considered to be healthy and it can be considered to use paid ads as a profitable acquisition channel.
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Channel Selection Framework:β
Ad Channel Name | Cost | Effort | Flexibility | Speed | Scale |
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FB/Instagram Ads | Medium | Medium | High | High | High |
Google Ads | Medium | Low | High | High | High |
Youtube Ads | High | High | Medium | Medium | High |
Marketplaces Ads | Medium | Low | Medium | High | High |
OTT Ads | High | High | Medium | High | Medium |
Keyword search for backpacks & suitcases:
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In both the scenarios, Mokobara is ranked at 14 & 15th position when searched for keywords "Backpacks" and "Suitcase" respectively. For such generic keywords, Mokobara is ranked quite low compared to its competitors.
Search Volume Comparison:
Keyword/Search Queries | Search Volume | Difficulty to Rank on SEO | CPC | Keyword difficulty |
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Suitcases | 67,380 | High | 0.74 $ | High |
Carry on luggage | 101,380 | High | 1.03 $ | High |
Duffle bag | 231,000 | High | 0.67$ | Medium |
Leather backpack | 43,400 | High | 1.32$ | Low |
Nasher Miles backpack | 39,787 | High | 0.27 $ | Low |
Assembly bags | 2,560 | Low | 0.09$ | Low |
Mokobara Travel backpack | 8,290 | Low | 0.84 $ | - |
Mokobara Laptop bag | 2,100 | Low | 0.30$ | - |
Mokobara bags | 31,180 | Low | 0.30 $ | - |
Mokabbara | 8,000 | Low | 0.15$ | - |
Backpacks:
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-Mokobara products and website is ranked lower on google search when searched for keyword "Backpacks"
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Suitcases:
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-Mokobara products and website is ranked lower on google search when searched for keyword "Suitcase"
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Totes & Handbags:
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-Mokobara website is ranked higher on google search when searched for keyword "Totes/Handbags"
Google search Ad creative:
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βPartnerships (Affiliates + brands)β
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Vantage Circle can help Mokobara grow by leveraging its comprehensive employee engagement and rewards platform to enhance brand visibility, drive sales, and foster customer loyalty
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Qwikcilver can facilitate Mokobaraβs entry into the corporate gifting market by offering bulk gift card solutions to businesses. Corporations often purchase gift cards in large quantities for employee rewards, holiday gifts, and client appreciation
Corporate gifting will allow Mokobara to showcase its premium products to a wider audience, potentially converting gift recipients into loyal customers. Companies that give Mokobara products as gifts can help spread brand awareness and associate their brand with high-quality, stylish, and practical products.
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This page will include,
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Referral
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Why someone will refer Mokobara?
Brag-worthy points about Mokobara:
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Insights from user-calling:
What are the things they like about 'Mokobara'
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How referral program will suit the existing customers?
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What should be the reward for the existing and future souls?
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Example:
"Love your Mokobara gear? Share the love and earn rewards! Refer a friend to Mokobara and both of you get rewarded. Your friend gets 15% off their first purchase, and you earn a 20% discount on your next order. Start sharing your referral code today and letβs travel stylishly together with Mokobara!"
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Coupon Integration
Experiment: Enhance customer experience by offering complimentary customized passport holders with purchases of βΉ20,000 or above
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Example: Messy corners sells customized passport holders
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During user interviews, many users expressed frustration about Amazon, Ajio, and Flipkart charging a whopping 12%-15% margin on product listings. They indicated a preference for ordering directly from D2C websites if the prices were the same on both platforms.
To incentivize direct purchases, we can offer personalized passport covers for free to customers who spend over βΉ20,000.
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Important features to take care of:
Outcome:
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