In a pre-series A funding round, fashion accessories company Miraggio secured Rs 10 crore. The company wants to grow Miraggio to new milestones with this funding.
Magnetic and Seven Rivers Holding co-led the round, as reported by ETRetail.
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“This investment paves the way for a future where Miraggio sets the standard for opulent elegance, inspiring discerning individuals to elevate their style to new heights.” said, Mohit Jain, founder and CEO, Miraggio.
In addition, by 2024, the firm hopes to reach an annual recurring revenue (ARR) goal of Rs 100 crore, which would be put towards growing its product line to include wallets and backpacks.
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“Miraggio, under the leadership of Mohit, was able to grow 3x in revenue over 12 months while remaining profitable making it a compelling investment opportunity,” said Devavrat Jatia, CIO, Seven Rivers Holdings.
About MIRAGGIO
MIRAGGIO is a luxury handbag class that aims to set the tone for a fresh fashion that defies “the obvious.” The world of MIRAGGIO is a creative place where a woman can be anything she wants to be, inspired by the free-spirited women of today.
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