Latest News | Miraggio Raises Rs 55 Crore from RPSG Capital Ventures, Others

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.

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"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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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)