Fashion accessories brand Miraggio invests Rs 10 crore to expand operations
29 November 2023, Mumbai
Miraggio, the well known fashion accessories brand is looking to scale operations with a Rs 10 crore investment secured through a pre-series funding round.
The brand, under the leadership of Founder and CEO Mohit Jain, aims to establish new benchmarks in luxury fashion while encouraging individuals to elevate their personal styles.
About Brand
Miraggio's expansion strategy includes broadening its product categories to include backpacks and wallets, with the goal of reaching an annual recurring revenue of Rs 100 crore by 2024. The brand has witnessed remarkable growth, tripling its revenues in the past 12 months, according to Devarat Jatia, CIO of Seven Rivers Holdings.
Currently boasting an impressive annual growth rate of 140 percent, Miraggio, established in 2020, serves approximately two million customers.
