
Miraggio Raises ₹55 Crore in Series A to Expand Premium Handbag Line and Omnichannel Presence
Indian fashion accessories brand Miraggio has secured ₹55 crore ($6.5 million) in a Series A funding round led by RPSG Capital Ventures and Client Associates Alternate Fund, with additional backing from Prath Ventures. Founded in 2019 by Mohit Jain, the brand has processed over 1 million orders and now aims to scale further by expanding its product portfolio, strengthening its supply chain, and entering Tier 2 and 3 cities. The company plans to launch 500+ new products over the next 18 months and deepen its omnichannel strategy to serve India’s growing demand for premium-yet-accessible fashion.