Fashion handbag and accessories brand Miraggio has secured Rs 55 crore in Series A funding to support its ambitious expansion plans.

The funding round, led by RPSG Capital Ventures and Client Associates Alternate Fund with participation from Prath Ventures, follows a pre-Series A round of Rs 10 crore raised 14 months earlier. According to founder and CEO Mohit Jain, the previous investment helped the brand grow over 3x, paving the way for this next phase of development.

Miraggio plans to open 15–20 experiential retail stores in the next two years, with a broader target of 40–50 stores across tier-1 and tier-2 cities over the next four to five years. The company will also expand its product portfolio with new offerings, including backpacks, clutches, and other accessories, following the successful launch of laptop bags in March.

A portion of the funds will also be invested in tech-led personalisation and consumer experience enhancements. Currently operating with over 100 staff, Miraggio aims to strengthen its team and technology infrastructure as part of its growth strategy.