Miraggio Lifestyles Private Limited has raised ₹55 crore from a Series A fundraise led by by RPSG Capital Ventures, Client Associates and Prath Ventures.
Antares Legal advised Miraggio on this fundraise.
The transaction team was led by Surbhi Kothiala (Partner), assisted by Divyanshu Bansal (Associate) and Priyanshi Aggarwal (Associate).
JSA Advocates & Solicitors advised lead investors RPSG Capital Ventures Fund II and Client Associates Alternate Fund on this fundraise.
The transaction team was led by Lalit Kumar (Lead Partner) and Amandeep Singh Virk (Partner), with support from by JSA Zarish Ali (Senior Associate) and Associates - Ruchika, Muskaan Gupta, and Sameer Dahiya.
VERTICES PARTNERS advised lead investor Prath Ventures on this fundraise.
The transaction was led by Vikrant Anand (Partner), along with Shagun Rathi Mittal (Senior Associate) and Associates - Amit Shekhar and Srishti Singh.
Founder and Managing Partner Vinayak Burman provided strategic inputs.
The funds will be used to expand its retail footprint by opening 15–20 exclusive brand outlets over the next two years, with a longer-term target of 40–50 stores across Tier 1 and Tier 2 cities. Miraggio also plans to launch over 500 new products, including laptop bags and clutches, while strengthening its omnichannel strategy and supply chain across Asia.
Miraggio is a D2C fashion handbag and accessories brand that retails women handbags, backpacks, laptop bags and accessories through various online and offline channels including its own exclusive brand outlets and channel partners, under the brand name of Miraggio.
The company closed FY25 with a GMV of over ₹110 crore and is aiming for ₹200 crore in FY26, having fulfilled over a million orders to date.
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