Miraggio Raises Rs 55 Crore from RPSG Capital Ventures
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Fashion brand Miraggio secures Rs 55 crore funding from RPSG Capital Ventures, Client Associates, and Prath Ventures to fuel product innovation and expansion.
New Delhi, May 19 (PTI) Fashion handbag and accessories brand Miraggio has raised Rs 55 crore (USD 6.5 million) in a funding round led by RPSG Capital Ventures and Client Associates Alternate Fund, with participation from Prath Ventures.
The capital infusion will accelerate Miraggio's product innovation and omni-channel expansion, a company statement said.
"This strategic infusion will fuel the brand's next phase of growth, with a focus on product portfolio, retail expansion, as well as building supply chain strength," the company said.
Over the course of the next 18 months, Miraggio plans to launch more than 500 new products and enter new handbag and accessory categories.
The capital infusion will accelerate Miraggio's product innovation and omni-channel expansion, a company statement said.
"This strategic infusion will fuel the brand's next phase of growth, with a focus on product portfolio, retail expansion, as well as building supply chain strength," the company said.
Over the course of the next 18 months, Miraggio plans to launch more than 500 new products and enter new handbag and accessory categories.
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