<ul><li>Miraggio, a fashion handbag and accessories brand, has raised Rs 55 crore in a Series A funding round led by RPSG Capital Ventures and Client Associates Alternate Fund, with participation from Prath Ventures to fuel its growth.</li><li>The funding will be used to expand product portfolio, retail presence, and strengthen the supply chain, focusing on Tier 2 and 3 markets in India to cater to the aspirational demand of modern Indian women.</li><li>Miraggio plans to introduce 500+ new products in the next 18 months, expand into additional handbag and accessory categories, and enhance its supply chain operations across Asia.</li><li>Investors believe that Miraggio's innovative approach, commitment to design, and execution excellence position them well to make a significant impact on the handbag and accessories industry in India.</li></ul>

Homegrown fashion brand Miraggio raises Rs 55 crore for retal expansion and building supply-chain strength

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