New Delhi: Fashion accessories brand Miraggio has raised Rs 10 crore in a pre-series A round, the company said in a press release on Tuesday.
With this investment, the company plans to take Miraggio to new heights, read the release.
“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.
Additionally, the company is aiming to achieve an annual recurring revenue (ARR) target of Rs 100 crore by 2024, which will be used to expand its product categories such as backpacks and wallets.
“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 Devarat Jatia, CIO, Seven Rivers Holdings.
Established in 2020, the company claims to have achieved 140 per cent YoY growth and caters to about 2 million customers.
