Miraggio Raises $6.5 Mn in Round Led by RPSG Capital and Client Associates, Advised by Dexter Capital

Gurugram, India: Premium fashion accessories brand Miraggio has raised $6.5 million (₹55 crore) in a Series A funding round led by RPSG Capital Ventures and Client Associates Alternate Fund, with additional participation from Prath Ventures. The company was advised exclusively by Dexter Capital.

Founded in 2019 by Mohit Jain, Miraggio has quickly emerged as a leading fashion handbag and accessories brand, delivering over a million orders to more than 700,000 customers across India. The brand aims to make fashion-forward accessories accessible at a premium, non-luxury price point- tapping into global trends while staying rooted in quality and design.

With the new funding, Miraggio plans to expand into omnichannel retail, launch new product categories, and strengthen its supply chain across Asia.

Mohit Jain, Founder & CEO, Miraggio said: “We partnered exclusively with Dexter Capital Advisors, and they’ve been nothing short of exceptional. From the very first conversation to final closure, they were deeply involved in helping shape the deal, navigate challenges, and drive it to a successful outcome. Their clarity of thought, responsiveness, and commitment stood out at every stage. Grateful to have had them as our trusted partners through this critical phase.”

This marks Dexter Capital’s 29th deal in the consumer space, including 13 in the last two years, and their fourth closure this financial year.

Investors praised Dexter Capital’s strategic guidance and deep involvement throughout the transaction. Notably, this was RPSG Capital Ventures’ second collaboration with Dexter, having previously partnered on the Nutrabay deal.

“This was our second time working with the Dexter team, having previously partnered with them on Nutrabay. In this transaction, they brought a thoughtful and solution-oriented approach, navigating the process efficiently from start to finish. We’ve appreciated the partnership and look forward to working together again” – Abhishek Goenka, Managing Partner, RPSG Capital Ventures

“We worked with the Dexter team from start to finish for the execution of the transaction and they have been very prompt since the start of the process. The way Dexter team handled the complex deal negotiations was truly remarkable and their commitment to getting the deal to closure was exceptional. They build a close knit relationship with the founder and the Investors during the process to enable all off them cross the line. Managing all the new investors and existing as well at an Early stage of the company and get to a desired outcome for everyone is truly commendable.”– Shivam Diwan, Executive Director, Client Associates

“Dexter Capital played a key role as the banker in navigating a highly complex transaction with multiple stakeholders. Their team’s exceptional ability to manage divergent interests, anticipate challenges, and keep the process moving forward was invaluable. They brought a thoughtful, solutions-focused approach and demonstrated remarkable professionalism throughout. We’re extremely pleased with their support and look forward to partnering with them again.”– Piyush Goenka, Founder and Managing Partner, Prath Ventures